Kirr Marbach & Co. LLC IN Increases Stock Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Kirr Marbach & Co. LLC IN grew its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 32.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,901 shares of the company’s stock after purchasing an additional 73,773 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.87% of The Shyft Group worth $3,533,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SHYF. SG Americas Securities LLC lifted its holdings in The Shyft Group by 24.3% during the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $215,000 after buying an additional 3,575 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Shyft Group by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company’s stock valued at $2,216,000 after acquiring an additional 58,816 shares in the last quarter. Franklin Resources Inc. grew its stake in The Shyft Group by 76.7% during the 3rd quarter. Franklin Resources Inc. now owns 54,727 shares of the company’s stock worth $669,000 after purchasing an additional 23,761 shares in the last quarter. Barclays PLC increased its holdings in The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock worth $573,000 after purchasing an additional 32,906 shares during the period. Finally, Geode Capital Management LLC raised its position in The Shyft Group by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock valued at $9,705,000 after purchasing an additional 9,588 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

The Shyft Group Price Performance

Shares of NASDAQ SHYF opened at $12.02 on Wednesday. The stock’s 50-day simple moving average is $12.38 and its 200-day simple moving average is $12.86. 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 firm has a market capitalization of $414.57 million, a PE ratio of -100.17 and a beta of 1.66. The Shyft Group, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $17.56.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHYF. DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, January 15th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 price objective on shares of The Shyft Group in a research report on Tuesday, December 17th.

The Shyft Group Company Profile

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.