Quest Partners LLC Purchases Shares of 4,287 Douglas Dynamics, Inc. (NYSE:PLOW)

Quest Partners LLC acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,287 shares of the auto parts company’s stock, valued at approximately $118,000.

A number of other hedge funds have also recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC purchased a new position in Douglas Dynamics during the second quarter valued at $486,000. BluePath Capital Management LLC bought a new position in shares of Douglas Dynamics during the 3rd quarter valued at about $604,000. Nisa Investment Advisors LLC grew its position in shares of Douglas Dynamics by 43,985.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company’s stock valued at $217,000 after purchasing an additional 9,237 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Douglas Dynamics by 149.0% in the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock worth $9,750,000 after purchasing an additional 211,573 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Douglas Dynamics in the third quarter worth about $535,000. Institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird lowered their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Douglas Dynamics Stock Up 1.0 %

Shares of NYSE PLOW opened at $25.89 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $31.39. The firm’s 50-day moving average price is $25.88 and its 200-day moving average price is $25.65. The stock has a market capitalization of $597.90 million, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.41 and a beta of 1.19.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s dividend payout ratio (DPR) is 51.30%.

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.