Cornercap Investment Counsel Inc. Invests $412,000 in Douglas Dynamics, Inc. (NYSE:PLOW)

Cornercap Investment Counsel Inc. acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,416 shares of the auto parts company's stock, valued at approximately $412,000. Cornercap Investment Counsel Inc. owned approximately 0.08% of Douglas Dynamics at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Douglas Dynamics during the 4th quarter valued at about $49,000. FMR LLC grew its position in Douglas Dynamics by 88.6% in the third quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock worth $72,000 after buying an additional 1,229 shares during the last quarter. US Bancorp DE increased its holdings in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at $111,000. Finally, Quest Partners LLC bought a new stake in shares of Douglas Dynamics during the 3rd quarter worth $118,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of recent analyst reports. StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

Douglas Dynamics Stock Down 1.7 %

Douglas Dynamics stock traded down $0.40 during mid-day trading on Thursday, hitting $23.22. The company's stock had a trading volume of 148,841 shares, compared to its average volume of 189,328. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $30.98. The company has a market cap of $536.34 million, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm's 50 day moving average is $25.26 and its 200 day moving average is $25.36.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is 50.43%.

Douglas Dynamics 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.