Monimus Capital Management LP Purchases Shares of 101,566 Douglas Dynamics, Inc. (NYSE:PLOW)

Monimus Capital Management LP acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 101,566 shares of the auto parts company's stock, valued at approximately $2,400,000. Douglas Dynamics accounts for 2.3% of Monimus Capital Management LP's investment portfolio, making the stock its 17th biggest holding. Monimus Capital Management LP owned 0.44% of Douglas Dynamics at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at about $49,000. FMR LLC increased its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock worth $72,000 after acquiring an additional 1,229 shares during the period. US Bancorp DE boosted its position in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after buying an additional 413 shares during the period. Quest Partners LLC acquired a new position in shares of Douglas Dynamics during the third quarter valued at $118,000. Finally, Victory Capital Management Inc. bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

PLOW traded up $0.17 on Wednesday, hitting $24.29. The company had a trading volume of 81,125 shares, compared to its average volume of 188,891. 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 company's fifty day moving average price is $25.39 and its 200 day moving average price is $25.61. The stock has a market cap of $561.05 million, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98.

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Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is currently 50.43%.

Analyst Ratings Changes

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

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.