Nisa Investment Advisors LLC Has $61,000 Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC cut its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 78.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,646 shares of the auto parts company's stock after selling 9,612 shares during the quarter. Nisa Investment Advisors LLC's holdings in Douglas Dynamics were worth $61,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics in the fourth quarter worth $111,000. State of Wyoming purchased a new stake in Douglas Dynamics in the 4th quarter worth about $153,000. Aquatic Capital Management LLC grew its stake in Douglas Dynamics by 358.9% during the 4th 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 in the last quarter. Quantbot Technologies LP purchased a new position in Douglas Dynamics during the 4th quarter valued at about $219,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Douglas Dynamics by 50.5% in the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock valued at $252,000 after purchasing an additional 3,585 shares during the period. 91.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the sale, the director directly owned 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Douglas Dynamics from a "buy" rating to a "strong-buy" rating in a report on Friday.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded down $0.31 on Friday, hitting $28.76. 164,697 shares of the company were exchanged, compared to its average volume of 188,364. The company's 50 day moving average price is $28.88 and its two-hundred day moving average price is $26.10. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $31.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 2.37. The firm has a market capitalization of $667.52 million, a price-to-earnings ratio of 10.57, a PEG ratio of 1.08 and a beta of 1.30.

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

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.10%. Douglas Dynamics's dividend payout ratio is 43.38%.

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.