The Shyft Group, Inc. (NASDAQ:SHYF) Sees Large Growth in Short Interest
The Shyft Group, Inc. (NASDAQ:SHYF) Sees Large Growth in Short Interest
The Shyft Group, Inc. (NASDAQ:SHYF – Get Rating) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,040,000 shares, a growth of 18.5% from the February 13th total of 877,900 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is presently 4.6 days.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SHYF. TheStreet upgraded shares of The Shyft Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 26th. BTIG Research initiated coverage on shares of The Shyft Group in a research report on Thursday, January 19th. They set a "buy" rating and a $40.00 target price on the stock. DA Davidson cut their target price on shares of The Shyft Group from $38.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, February 24th. Finally, Raymond James cut their target price on shares of The Shyft Group from $40.00 to $30.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 24th.
Get The Shyft Group alerts:The Shyft Group Trading Down 6.1 %
The Shyft Group stock traded down $1.58 during mid-day trading on Friday, hitting $24.53. 266,365 shares of the stock were exchanged, compared to its average volume of 247,929. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.21. The Shyft Group has a 12 month low of $17.66 and a 12 month high of $41.63. The firm's fifty day simple moving average is $29.66 and its two-hundred day simple moving average is $25.46. The stock has a market capitalization of $863.95 million, a price-to-earnings ratio of 23.82 and a beta of 1.97.
The Shyft Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, February 17th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $0.20 annualized dividend and a yield of 0.82%. The Shyft Group's payout ratio is 19.42%.
Insiders Place Their Bets
In other The Shyft Group news, insider Stephen K. Guillaume sold 4,000 shares of the company's stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $26.58, for a total transaction of $106,320.00. Following the sale, the insider now directly owns 67,792 shares of the company's stock, valued at $1,801,911.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Stephen K. Guillaume sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $26.58, for a total transaction of $106,320.00. Following the transaction, the insider now directly owns 67,792 shares of the company's stock, valued at $1,801,911.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen K. Guillaume sold 2,000 shares of the firm's stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $26.83, for a total transaction of $53,660.00. Following the transaction, the insider now directly owns 73,792 shares in the company, valued at $1,979,839.36. The disclosure for this sale can be found here. Insiders own 2.26% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its stake in shares of The Shyft Group by 25.3% in the 4th quarter. Voya Investment Management LLC now owns 415,606 shares of the company's stock valued at $10,332,000 after acquiring an additional 83,806 shares in the last quarter. III Capital Management grew its position in The Shyft Group by 10.1% in the 4th quarter. III Capital Management now owns 138,210 shares of the company's stock valued at $3,435,000 after purchasing an additional 12,642 shares during the period. Alliancebernstein L.P. grew its position in The Shyft Group by 20.9% in the 4th quarter. Alliancebernstein L.P. now owns 2,062,338 shares of the company's stock valued at $51,270,000 after purchasing an additional 356,411 shares during the period. State of Wyoming grew its position in The Shyft Group by 21.4% in the 4th quarter. State of Wyoming now owns 3,640 shares of the company's stock valued at $90,000 after purchasing an additional 642 shares during the period. Finally, CI Private Wealth LLC acquired a new stake in The Shyft Group in the 4th quarter valued at $1,003,000. Institutional investors own 80.17% of the company's stock.
The Shyft Group Company Profile
(Get Rating)
The Shyft Group, Inc engages in vehicle manufacturing and assembly for the commercial and retail vehicle industries as well as for the emergency response and recreational vehicle markets. It operates through the Fleet Vehicles and Services, and Specialty Vehicles segments. The Fleet Vehicles and Services segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries.
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納斯達克集團(Shyft Group,Inc.)是2月份空頭股數業務大幅增長的接受者。截至2月28日,空頭股數共有1040,000股,較2月13日的877,900股增長18.5%。該公司約3.3%的股份被賣空。以平均成交量22.85萬股計算,目前天數與回補比率為4.6天。
華爾街分析師也加入進來
一些研究公司最近也加入了對SHYF的看法。華爾街在1月26日星期四的一份研究報告中將Shyft集團的股票評級從“c+”上調至“b-”。BTIG Research在1月19日星期四的一份研究報告中首次對Shyft集團的股票進行了報道。他們為該股設定了“買入”評級和40.00美元的目標價。達戴維森在2月24日(星期五)的一份研究報告中將Shyft Group的股票目標價從38.00美元下調至32.00美元,並設定了該股的“買入”評級。最後,雷蒙德·詹姆斯在2月24日(星期五)的一份研究報告中將Shyft Group的股票目標價從40.00美元下調至30.00美元,並對該股設定了“強力買入”評級。
到達Shyft集團警報:Shyft集團股價下跌6.1%
在週五午盤交易中,Shyft Group的股價下跌了1.58美元,跌至24.53美元。該股成交量為266,365股,而其平均成交量為247,929股。該公司的速動比率為1.22,流動比率為1.72,債務權益比為0.21。Shyft Group的12個月低點為17.66美元,12個月高位為41.63美元。該公司的50日簡單移動均線為29.66美元,200日簡單移動均線為25.46美元。該股市值為8.6395億美元,本益比為23.82倍,貝塔係數為1.97。
Shyft集團宣佈分紅
該公司最近還宣佈了季度股息,將於3月17日(星期五)支付。2月17日(星期五)登記在冊的股東將獲得每股0.05美元的股息。本次股息除息日期為2月16日星期四。這意味著年化股息為0.20美元,收益率為0.82%。Shyft Group的派息率為19.42%。
內部人士下注
在Shyft Group的另一則消息中,內部人士Stephen K.Guillaume在3月8日星期三的一筆交易中出售了4000股該公司股票。這些股票以26.58美元的平均價格出售,總成交金額為106,320.00美元。出售後,這位內部人士現在直接持有該公司67,792股股票,價值1,801,911.36美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可通過此超鏈接。在相關新聞中,內部人士斯蒂芬·K·紀堯姆在3月8日星期三的一筆交易中出售了4,000股該公司股票。這些股票以26.58美元的平均價格出售,總成交金額為106,320.00美元。交易完成後,這位內部人士現在直接持有該公司67,792股股票,價值1,801,911.36美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可通過此超鏈接。此外,內部人士斯蒂芬·K·紀堯姆在3月6日星期一的一筆交易中出售了2,000股該公司股票。該股以26.83美元的平均價格出售,總成交金額為53,660.00美元。交易完成後,這位內部人士現在直接擁有該公司73,792股,價值1,979,839.36美元。關於這次銷售的披露可以找到這裡。內部人士持有該公司2.26%的股份。
機構資金流入和流出
對沖基金最近增持或減持了該公司的股份。Voya Investment Management LLC在第四季度增持了Shyft Group的股份25.3%。Voya Investment Management LLC在上個季度增持了83,806股後,現在擁有該公司415,606股股票,價值10,332,000美元。III Capital Management在第四季度將其在Shyft集團的頭寸增加了10.1%。III資本管理公司現在擁有138,210股該公司的股票,價值3,435,000美元,在此期間又購買了12,642股。聯合伯恩斯坦公司在第四季度將其在Shyft集團的頭寸增加了20.9%。在此期間,聯合伯恩斯坦公司又購買了356,411股股票,目前持有該公司2,062,338股股票,價值51,270,000美元。懷俄明州第四季度在Shyft集團的頭寸增加了21.4%。懷俄明州現在擁有3640股該公司的股票,價值9萬美元,在此期間又購買了642股。最後,CI Private Wealth LLC在第四季度收購了Shyft Group的新股份,價值1,003,000美元。機構投資者持有該公司80.17%的股票。
Shyft集團公司簡介
(獲取評級)
Shyft Group,Inc.致力於商用和零售車輛行業以及應急回應和休閒車輛市場的車輛製造和組裝。它通過艦隊車輛和服務部門以及特種車輛部門進行運營。車隊車輛和服務部門製造用於電子商務/最後一英里/包裹遞送、飲料和食品雜貨遞送、移動零售以及貿易和建築行業的商用車輛。
另請參閱
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