GAMMA Investing LLC Purchases 13,265 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

GAMMA Investing LLC boosted its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 3,811.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,613 shares of the auto parts company's stock after buying an additional 13,265 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Douglas Dynamics worth $316,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its position in shares of Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Douglas Dynamics during the 4th quarter worth approximately $111,000. State of Wyoming bought a new position in Douglas Dynamics in the fourth quarter worth approximately $153,000. Aquatic Capital Management LLC grew its stake in Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after acquiring an additional 6,102 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Douglas Dynamics in the fourth quarter valued at approximately $219,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the completion of the transaction, the director now directly owns 40,136 shares of the company's stock, valued at $1,164,345.36. This represents a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.04% of the stock is currently owned by company insiders.

Douglas Dynamics Stock Up 1.1%

PLOW traded up $0.31 during midday trading on Tuesday, reaching $29.17. 130,359 shares of the company were exchanged, compared to its average volume of 190,193. The company has a market cap of $677.11 million, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98. The company's fifty day moving average price is $26.77 and its 200 day moving average price is $25.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 2.37.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. The business had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. Douglas Dynamics's quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.29) EPS. As a group, analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, June 17th. Douglas Dynamics's dividend payout ratio is presently 43.38%.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of recent research reports. DA Davidson reiterated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th. Wall Street Zen raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

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.