GSA Capital Partners LLP Sells 24,846 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Key Points

• GSA Capital Partners LLP reduced its stake in Douglas Dynamics by 45% in Q1, now holding approximately 30,309 shares valued at $704,000.
• Douglas Dynamics announced a quarterly dividend of $0.295, yielding 4.2%, with a payout ratio of 43.38%.
• The company reported a 20.3% revenue increase year-over-year, with Q1 earnings per share exceeding estimates at $0.09.

GSA Capital Partners LLP trimmed its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 45.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,309 shares of the auto parts company's stock after selling 24,846 shares during the period. GSA Capital Partners LLP owned approximately 0.13% of Douglas Dynamics worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in shares of Douglas Dynamics during the fourth quarter worth about $111,000. CWM LLC lifted its holdings in Douglas Dynamics by 24.2% in the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after acquiring an additional 1,052 shares during the last quarter. State of Wyoming acquired a new position in Douglas Dynamics in the fourth quarter worth approximately $153,000. Aquatic Capital Management LLC raised its position in shares of Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after purchasing an additional 6,102 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Douglas Dynamics by 10.1% during the 1st quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock worth $237,000 after buying an additional 938 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the sale, the director owned 40,136 shares in the company, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.04% of the stock is currently owned by company insiders.

Douglas Dynamics Stock Up 5.2%

PLOW traded up $1.49 during midday trading on Wednesday, hitting $30.21. 105,795 shares of the company's stock traded hands, compared to its average volume of 198,492. The company has a market cap of $701.06 million, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.32. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $31.98. The stock's fifty day simple moving average is $29.03 and its 200-day simple moving average is $26.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. The business had revenue of $194.33 million for the quarter, compared to the consensus estimate of $189.47 million. Douglas Dynamics had a return on equity of 15.34% and a net margin of 11.38%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. As a group, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.9%. Douglas Dynamics's payout ratio is 43.38%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. DA Davidson lifted their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 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.