Cornercap Investment Counsel Inc. Buys Shares of 17,416 Douglas Dynamics, Inc. (NYSE:PLOW)

Cornercap Investment Counsel Inc. purchased a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,416 shares of the auto parts company’s stock, valued at approximately $412,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Douglas Dynamics during the fourth quarter valued at approximately $49,000. FMR LLC grew its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 1,229 shares in the last quarter. US Bancorp DE grew 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 valued at $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Douglas Dynamics in the fourth quarter worth $111,000. Finally, Quest Partners LLC purchased a new stake in shares of Douglas Dynamics in the third quarter worth $118,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PLOW. DA Davidson restated a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

Douglas Dynamics Stock Down 2.8 %

PLOW opened at $23.22 on Friday. The business’s fifty day simple moving average is $25.37 and its 200 day simple moving average is $25.44. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a market cap of $536.34 million, a PE ratio of 10.10, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.08%. Douglas Dynamics’s dividend payout ratio is 50.43%.

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.