Douglas Dynamics Inc (PLOW) Shares Bought by Cadence Capital Management LLC

Cadence Capital Management LLC boosted its position in shares of Douglas Dynamics Inc (NYSE:PLOW) by 7.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,833 shares of the auto parts company’s stock after acquiring an additional 2,959 shares during the period. Cadence Capital Management LLC’s holdings in Douglas Dynamics were worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in Douglas Dynamics by 49.6% during the second quarter. FMR LLC now owns 150,976 shares of the auto parts company’s stock valued at $4,967,000 after buying an additional 50,044 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in Douglas Dynamics by 12.6% during the third quarter. DF Dent & Co. Inc. now owns 63,511 shares of the auto parts company’s stock valued at $2,502,000 after buying an additional 7,119 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Douglas Dynamics by 10.8% during the third quarter. Eqis Capital Management Inc. now owns 63,824 shares of the auto parts company’s stock valued at $2,515,000 after buying an additional 6,218 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Douglas Dynamics by 16.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 21,171 shares of the auto parts company’s stock valued at $834,000 after buying an additional 3,038 shares during the last quarter. Finally, Comerica Bank bought a new position in Douglas Dynamics during the third quarter valued at approximately $263,000. 90.66% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the company. BidaskClub raised Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Douglas Dynamics has an average rating of “Hold” and a consensus price target of $38.00.

In other news, CEO James L. Janik sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.47, for a total value of $936,750.00. Following the completion of the sale, the chief executive officer now directly owns 297,790 shares of the company’s stock, valued at approximately $11,158,191.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James L. Janik sold 15,593 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $37.64, for a total value of $586,920.52. Following the completion of the sale, the chairman now directly owns 261,892 shares of the company’s stock, valued at $9,857,614.88. The disclosure for this sale can be found here. Insiders sold a total of 76,673 shares of company stock valued at $2,910,522 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Shares of Douglas Dynamics Inc (NYSE:PLOW) opened at $37.40 on Friday. The stock has a market capitalization of $836.99, a P/E ratio of 27.91, a PEG ratio of 1.44 and a beta of 1.27. Douglas Dynamics Inc has a one year low of $28.55 and a one year high of $43.00. The company has a quick ratio of 1.76, a current ratio of 2.97 and a debt-to-equity ratio of 1.35.

COPYRIGHT VIOLATION NOTICE: “Douglas Dynamics Inc (PLOW) Shares Bought by Cadence Capital Management LLC” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.com-unik.info/2018/02/11/douglas-dynamics-inc-plow-shares-bought-by-cadence-capital-management-llc.html.

About Douglas Dynamics

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

Want to see what other hedge funds are holding PLOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Dynamics Inc (NYSE:PLOW).

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

Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit