GSA Capital Partners LLP Trims Stock Position in 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 reduced its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent Form 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Douglas Dynamics during the fourth quarter worth about $111,000. CWM LLC raised its stake in Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after purchasing an additional 1,052 shares during the period. State of Wyoming purchased a new position in Douglas Dynamics during the fourth quarter worth about $153,000. Aquatic Capital Management LLC raised its stake in 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 stake in Douglas Dynamics by 10.1% during the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock worth $237,000 after purchasing an additional 938 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of Douglas Dynamics stock in a transaction that occurred 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 completion of the transaction, the director owned 40,136 shares in the company, valued at $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.04% of the stock is owned by corporate insiders.

Douglas Dynamics Trading Up 1.2%

NYSE PLOW traded up $0.34 during trading on Monday, hitting $28.25. The stock had a trading volume of 184,616 shares, compared to its average volume of 197,557. The company has a market capitalization of $655.68 million, a PE ratio of 10.39, a PEG ratio of 1.05 and a beta of 1.32. The company has a quick ratio of 0.70, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $28.98 and a 200 day moving average price of $26.46. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $31.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. As a group, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a $0.295 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 4.2%. Douglas Dynamics's payout ratio is currently 43.38%.

Analyst Ratings Changes

A number of brokerages have commented on PLOW. Wall Street Zen downgraded shares of Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson lifted their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd.

Douglas Dynamics Company 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.