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.
See Also
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纳斯达克集团(Shyft Group,Inc.)是2月份空头股数业务大幅增长的接受者。截至2月28日,空头股数共有1040,000股,较2月13日的877,900股增长18.5%。该公司约3.3%的股份被卖空。以平均成交量22.85万股计算,目前天数与回补比率为4.6天。
华尔街分析师也加入进来
一些研究公司最近也加入了对SHYF的看法。华尔街在1月26日星期四的一份研究报告中将Shyft集团的股票评级从“c+”上调至“b-”。BTIG Research在1月19日星期四的一份研究报告中首次对Shyft集团的股票进行了报道。他们为该股设定了“买入”评级和40.00美元的目标价。达戴维森在2月24日(星期五)的一份研究报告中将Shyft Group的股票目标价从38.00美元下调至32.00美元,并设定了该股的“买入”评级。最后,雷蒙德·詹姆斯在2月24日(星期五)的一份研究报告中将Shyft Group的股票目标价从40.00美元下调至30.00美元,并对该股设定了“强力买入”评级。
到达Shyft集团警报:Shyft集团股价下跌6.1%
在周五午盘交易中,Shyft Group的股价下跌了1.58美元,跌至24.53美元。该股成交量为266,365股,而其平均成交量为247,929股。该公司的速动比率为1.22,流动比率为1.72,债务权益比为0.21。Shyft Group的12个月低点为17.66美元,12个月高位为41.63美元。该公司的50日简单移动均线为29.66美元,200日简单移动均线为25.46美元。该股市值为8.6395亿美元,市盈率为23.82倍,贝塔系数为1.97。
Shyft集团宣布分红
该公司最近还宣布了季度股息,将于3月17日(星期五)支付。2月17日(星期五)登记在册的股东将获得每股0.05美元的股息。本次股息除息日期为2月16日星期四。这意味着年化股息为0.20美元,收益率为0.82%。Shyft Group的派息率为19.42%。
内部人士下注
在Shyft Group的另一则消息中,内部人士Stephen K.Guillaume在3月8日星期三的一笔交易中出售了4000股该公司股票。这些股票以26.58美元的平均价格出售,总成交金额为106,320.00美元。出售后,这位内部人士现在直接持有该公司67,792股股票,价值1,801,911.36美元。这笔交易是在提交给美国证券交易委员会的一份法律文件中披露的,该文件可通过此超链接。在相关新闻中,内部人士斯蒂芬·K·纪尧姆在3月8日星期三的一笔交易中出售了4,000股该公司股票。这些股票以26.58美元的平均价格出售,总成交金额为106,320.00美元。交易完成后,这位内部人士现在直接持有该公司67,792股股票,价值1,801,911.36美元。这笔交易是在提交给美国证券交易委员会的一份法律文件中披露的,该文件可通过此超链接。此外,内部人士斯蒂芬·K·纪尧姆在3月6日星期一的一笔交易中出售了2,000股该公司股票。该股以26.83美元的平均价格出售,总成交金额为53,660.00美元。交易完成后,这位内部人士现在直接拥有该公司73,792股,价值1,979,839.36美元。关于这次销售的披露可以找到这里。内部人士持有该公司2.26%的股份。
机构资金流入和流出
对冲基金最近增持或减持了该公司的股份。Voya Investment Management LLC在第四季度增持了Shyft Group的股份25.3%。Voya Investment Management LLC在上个季度增持了83,806股后,现在拥有该公司415,606股股票,价值10,332,000美元。III Capital Management在第四季度将其在Shyft集团的头寸增加了10.1%。III资本管理公司现在拥有138,210股该公司的股票,价值3,435,000美元,在此期间又购买了12,642股。联合伯恩斯坦公司在第四季度将其在Shyft集团的头寸增加了20.9%。在此期间,联合伯恩斯坦公司又购买了356,411股股票,目前持有该公司2,062,338股股票,价值51,270,000美元。怀俄明州第四季度在Shyft集团的头寸增加了21.4%。怀俄明州现在拥有3640股该公司的股票,价值9万美元,在此期间又购买了642股。最后,CI Private Wealth LLC在第四季度收购了Shyft Group的新股份,价值1,003,000美元。机构投资者持有该公司80.17%的股票。
Shyft集团公司简介
(获取评级)
Shyft Group,Inc.致力于商用和零售车辆行业以及应急响应和休闲车辆市场的车辆制造和组装。它通过舰队车辆和服务部门以及特种车辆部门进行运营。车队车辆和服务部门制造用于电子商务/最后一英里/包裹递送、饮料和食品杂货递送、移动零售以及贸易和建筑行业的商用车辆。
另请参阅
- 免费获取StockNews.com关于Shyft集团的研究报告(SHYF)
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译文内容由第三方软件翻译。
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