Ranger Investment Management L.P. Makes New $4.17 Million Investment in Douglas Dynamics, Inc. (NYSE:PLOW)

Ranger Investment Management L.P. bought 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. The firm bought 176,585 shares of the auto parts company's stock, valued at approximately $4,173,000. Ranger Investment Management L.P. owned about 0.76% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Douglas Dynamics during the 4th quarter worth about $49,000. FMR LLC boosted its position in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock valued at $72,000 after buying an additional 1,229 shares during the last quarter. US Bancorp DE boosted its holdings in Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after acquiring an additional 413 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics in the 4th quarter worth about $111,000. Finally, XTX Topco Ltd purchased a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $219,000. 91.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. DA Davidson restated a "buy" rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

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Douglas Dynamics Stock Up 1.4 %

PLOW traded up $0.32 during trading on Monday, reaching $22.83. The stock had a trading volume of 71,541 shares, compared to its average volume of 188,776. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $527.33 million, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.14 and a beta of 1.17. The stock's 50 day moving average is $24.65 and its two-hundred day moving average is $25.01. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 5.17%. Douglas Dynamics's payout ratio is presently 50.43%.

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.