Hillsdale Investment Management Inc. Acquires New Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Hillsdale Investment Management Inc. acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 49,500 shares of the auto parts company's stock, valued at approximately $1,170,000. Hillsdale Investment Management Inc. owned 0.21% of Douglas Dynamics at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PLOW. DF Dent & Co. Inc. grew its position in Douglas Dynamics by 26.3% during the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company's stock valued at $23,599,000 after buying an additional 178,018 shares during the period. Drystone LLC purchased a new stake in shares of Douglas Dynamics during the 4th quarter worth about $2,531,000. Monimus Capital Management LP acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at about $2,400,000. Dean Investment Associates LLC purchased a new position in shares of Douglas Dynamics in the 3rd quarter valued at about $2,676,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Douglas Dynamics by 78.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company's stock worth $5,590,000 after purchasing an additional 88,940 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Price Performance

PLOW traded up $0.19 during trading on Thursday, reaching $23.92. The company's stock had a trading volume of 125,162 shares, compared to its average volume of 183,760. The company has a market cap of $552.43 million, a price-to-earnings ratio of 10.40, a PEG ratio of 1.14 and a beta of 1.17. The firm has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $25.48. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

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Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.93%. Douglas Dynamics's dividend payout ratio is presently 50.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLOW. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

About Douglas Dynamics

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.