Campbell & CO Investment Adviser LLC Trims Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Campbell & CO Investment Adviser LLC trimmed its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 28.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,041 shares of the company’s stock after selling 8,501 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.06% of The Shyft Group worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in shares of The Shyft Group in the 2nd quarter valued at approximately $39,000. Ameritas Investment Partners Inc. purchased a new stake in shares of The Shyft Group in the 2nd quarter valued at approximately $51,000. Advisor Group Holdings Inc. purchased a new stake in shares of The Shyft Group in the 2nd quarter valued at approximately $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of The Shyft Group in the 2nd quarter valued at approximately $91,000. Finally, First Command Bank acquired a new position in shares of The Shyft Group in the second quarter valued at approximately $92,000. 74.57% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SHYF opened at $20.98 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.03 and a debt-to-equity ratio of 0.46. The Shyft Group, Inc. has a 52 week low of $9.01 and a 52 week high of $21.96. The firm has a market cap of $746.15 million, a PE ratio of -67.68, a PEG ratio of 0.93 and a beta of 1.44. The business’s 50 day moving average price is $19.85.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The Shyft Group had a negative net margin of 1.43% and a positive return on equity of 23.59%. The company had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $141.39 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was down 31.0% on a year-over-year basis. Sell-side analysts predict that The Shyft Group, Inc. will post 1.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, August 17th. The Shyft Group’s dividend payout ratio (DPR) is presently 8.06%.

SHYF has been the subject of a number of research reports. BidaskClub cut shares of The Shyft Group from a “hold” rating to a “sell” rating in a report on Friday, September 25th. Zacks Investment Research upgraded shares of The Shyft Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday. Finally, ValuEngine upgraded shares of The Shyft Group from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd.

The Shyft Group Profile

The Shyft Group, Inc, through its subsidiary Spartan Motors USA, Inc, manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates through two segments, Fleet Vehicles and Services (FVS), and Specialty Chassis and Vehicles (SCV).

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Institutional Ownership by Quarter for The Shyft Group (NASDAQ:SHYF)

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