Versor Investments LP Purchases 3,000 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Versor Investments LP increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,400 shares of the auto parts company’s stock after buying an additional 3,000 shares during the period. Versor Investments LP owned 0.10% of Douglas Dynamics worth $529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLOW. R Squared Ltd bought a new stake in Douglas Dynamics during the fourth quarter valued at about $49,000. FMR LLC lifted its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the last quarter. Quest Partners LLC bought a new stake in Douglas Dynamics during the 3rd quarter valued at approximately $118,000. Victory Capital Management Inc. acquired a new stake in Douglas Dynamics in the 3rd quarter valued at approximately $207,000. Finally, XTX Topco Ltd bought a new position in Douglas Dynamics in the 3rd quarter worth approximately $219,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Trading Down 1.1 %

Douglas Dynamics stock opened at $27.02 on Friday. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98. The stock has a market cap of $624.05 million, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The business has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $25.85. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.37%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 50.43%.

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.