BluePath Capital Management LLC Acquires Shares of 21,913 Douglas Dynamics, Inc. (NYSE:PLOW)

BluePath Capital Management LLC acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company's stock valued at $66,755,000 after purchasing an additional 36,797 shares during the period. CWM LLC lifted its position in Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company's stock valued at $112,000 after buying an additional 1,201 shares during the last quarter. SG Americas Securities LLC boosted its stake in Douglas Dynamics by 58.6% during the third quarter. SG Americas Securities LLC now owns 7,964 shares of the auto parts company's stock worth $220,000 after buying an additional 2,943 shares during the period. Point72 Asset Management L.P. increased its position in shares of Douglas Dynamics by 113.6% during the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company's stock valued at $160,000 after acquiring an additional 3,636 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in shares of Douglas Dynamics in the 2nd quarter valued at approximately $486,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Up 1.4 %

Shares of Douglas Dynamics stock traded up $0.31 on Friday, reaching $22.96. 233,752 shares of the company were exchanged, compared to its average volume of 211,944. The stock's 50 day moving average price is $26.81 and its 200-day moving average price is $25.35. The company has a market cap of $530.15 million, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $31.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.04.

Douglas Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLOW. StockNews.com cut Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday. Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday.

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.