Hillsdale Investment Management Inc. Purchases Shares of 49,500 Douglas Dynamics, Inc. (NYSE:PLOW)

Hillsdale Investment Management Inc. purchased a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 49,500 shares of the auto parts company’s stock, valued at approximately $1,170,000.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter valued at about $49,000. FMR LLC grew its position in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares during the last quarter. US Bancorp DE grew its position in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after buying an additional 413 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Douglas Dynamics in the 3rd quarter valued at about $118,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Douglas Dynamics in the 3rd quarter valued at about $207,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 1.4 %

Shares of Douglas Dynamics stock opened at $23.70 on Monday. The stock’s 50-day moving average is $25.41 and its 200 day moving average is $25.54. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm has a market cap of $547.35 million, a price-to-earnings ratio of 10.30, a PEG ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 50.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. 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 upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report 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.