Isthmus Partners LLC Sells 48,017 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Isthmus Partners LLC trimmed its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 19.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,564 shares of the company’s stock after selling 48,017 shares during the period. Isthmus Partners LLC owned 0.58% of The Shyft Group worth $2,517,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SHYF. Pzena Investment Management LLC raised its position in shares of The Shyft Group by 889.8% in the 2nd quarter. Pzena Investment Management LLC now owns 3,243,834 shares of the company’s stock worth $38,472,000 after acquiring an additional 2,916,101 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in The Shyft Group during the 3rd quarter worth $2,292,000. Federated Hermes Inc. grew its stake in The Shyft Group by 15.6% during the 2nd quarter. Federated Hermes Inc. now owns 666,679 shares of the company’s stock worth $7,907,000 after buying an additional 89,951 shares during the last quarter. Foundry Partners LLC grew its stake in The Shyft Group by 31.9% during the 2nd quarter. Foundry Partners LLC now owns 319,640 shares of the company’s stock worth $3,791,000 after buying an additional 77,225 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in The Shyft Group during the 2nd quarter worth $790,000. 85.84% of the stock is owned by institutional investors.

The Shyft Group Stock Down 0.2 %

Shares of SHYF stock opened at $14.26 on Friday. The Shyft Group, Inc. has a 1-year low of $9.81 and a 1-year high of $17.56. The stock’s fifty day moving average price is $13.02 and its 200 day moving average price is $12.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82.

The Shyft Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 1.40%. The Shyft Group’s payout ratio is presently -166.67%.

About The Shyft Group

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.