GSA Capital Partners LLP Acquires Shares of 18,268 Douglas Dynamics, Inc. (NYSE:PLOW)

GSA Capital Partners LLP acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,268 shares of the auto parts company’s stock, valued at approximately $504,000. GSA Capital Partners LLP owned 0.08% of Douglas Dynamics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in 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 buying an additional 36,797 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Douglas Dynamics in the second quarter valued at approximately $32,804,000. Dimensional Fund Advisors LP grew its position in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock valued at $20,590,000 after purchasing an additional 14,835 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Douglas Dynamics by 149.0% in the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after purchasing an additional 211,573 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Douglas Dynamics by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company’s stock valued at $6,141,000 after purchasing an additional 8,952 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

PLOW has been the topic of several research reports. Robert W. Baird decreased their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Douglas Dynamics Trading Down 0.5 %

Shares of NYSE:PLOW opened at $24.79 on Wednesday. The company has a market capitalization of $572.40 million, a P/E ratio of 10.78, a P/E/G ratio of 1.36 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 1.13. The business’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $25.61.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

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.