ClariVest Asset Management LLC Takes $1.12 Million Position in Douglas Dynamics Inc (NYSE:PLOW)

ClariVest Asset Management LLC acquired a new stake in shares of Douglas Dynamics Inc (NYSE:PLOW) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,400 shares of the auto parts company’s stock, valued at approximately $1,118,000. ClariVest Asset Management LLC owned approximately 0.13% of Douglas Dynamics as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Yorktown Management & Research Co Inc grew its holdings in Douglas Dynamics by 27.0% during the first quarter. Yorktown Management & Research Co Inc now owns 17,856 shares of the auto parts company’s stock worth $680,000 after buying an additional 3,800 shares in the last quarter. Stanley Laman Group Ltd. increased its stake in Douglas Dynamics by 13.5% during the 1st quarter. Stanley Laman Group Ltd. now owns 7,824 shares of the auto parts company’s stock valued at $298,000 after buying an additional 930 shares during the period. Wells Fargo & Company MN increased its stake in Douglas Dynamics by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 1,043,023 shares of the auto parts company’s stock valued at $39,708,000 after buying an additional 51,750 shares during the period. Anchor Capital Advisors LLC increased its stake in Douglas Dynamics by 2.9% during the 1st quarter. Anchor Capital Advisors LLC now owns 46,423 shares of the auto parts company’s stock valued at $1,767,000 after buying an additional 1,304 shares during the period. Finally, Chatham Capital Group Inc. acquired a new position in Douglas Dynamics during the 1st quarter valued at about $1,030,000. 89.63% of the stock is currently owned by hedge funds and other institutional investors.

PLOW has been the topic of several research analyst reports. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “strong sell” rating in a research note on Friday, May 24th. TheStreet cut shares of Douglas Dynamics from a “b” rating to a “c+” rating in a research note on Monday, May 6th.

Douglas Dynamics stock traded down $0.32 during trading hours on Friday, hitting $39.14. 60,416 shares of the company traded hands, compared to its average volume of 66,592. The company has a market cap of $892.20 million, a price-to-earnings ratio of 20.71 and a beta of 0.68. The company has a current ratio of 2.80, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $38.24. Douglas Dynamics Inc has a 1-year low of $33.54 and a 1-year high of $49.50.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 6th. The auto parts company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. The firm had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $84.37 million. Douglas Dynamics had a net margin of 8.53% and a return on equity of 16.34%. Douglas Dynamics’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. Analysts anticipate that Douglas Dynamics Inc will post 1.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were paid a $0.273 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.09 annualized dividend and a dividend yield of 2.79%. Douglas Dynamics’s dividend payout ratio is currently 57.67%.

Douglas Dynamics Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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