21,913 Shares in Douglas Dynamics, Inc. (NYSE:PLOW) Acquired by BluePath Capital Management LLC

BluePath Capital Management LLC acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,913 shares of the auto parts company’s stock, valued at approximately $604,000. BluePath Capital Management LLC owned 0.09% of Douglas Dynamics at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PLOW. BNP Paribas Financial Markets lifted its stake in Douglas Dynamics by 260.6% in the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock worth $2,171,000 after purchasing an additional 65,042 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Douglas Dynamics by 206.6% during the 1st quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company’s stock valued at $1,293,000 after buying an additional 36,134 shares in the last quarter. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $486,000. ProShare Advisors LLC raised its position in shares of Douglas Dynamics by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company’s stock valued at $7,374,000 after buying an additional 34,724 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Douglas Dynamics by 43,985.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company’s stock valued at $217,000 after buying an additional 9,237 shares in the last quarter. 91.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PLOW shares. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird lowered their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Douglas Dynamics Price Performance

PLOW stock opened at $22.96 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 2.14. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $31.39. The firm’s fifty day moving average is $26.81 and its 200 day moving average is $25.35. The firm has a market cap of $530.15 million, a P/E ratio of 9.99, a P/E/G ratio of 1.10 and a beta of 1.18.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.