North Star Investment Management Corp. Lowers stake in Douglas Dynamics Inc (PLOW)

Douglas Dynamics Inc (PLOW) : North Star Investment Management Corp. reduced its stake in Douglas Dynamics Inc by 0.97% during the most recent quarter end. The investment management company now holds a total of 102,018 shares of Douglas Dynamics Inc which is valued at $3,179,901 after selling 999 shares in Douglas Dynamics Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Douglas Dynamics Inc makes up approximately 0.57% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in PLOW by selling 322 shares or 10.22% in the most recent quarter. The Hedge Fund company now holds 2,828 shares of PLOW which is valued at $88,149.Cutler Group Lp reduced its stake in PLOW by selling 600 shares or 19.22% in the most recent quarter. The Hedge Fund company now holds 2,521 shares of PLOW which is valued at $79,966.Bnp Paribas Arbitrage Sa boosted its stake in PLOW in the latest quarter, The investment management firm added 670 additional shares and now holds a total of 1,525 shares of Douglas Dynamics Inc which is valued at $48,968.Eqis Capital Management boosted its stake in PLOW in the latest quarter, The investment management firm added 3,607 additional shares and now holds a total of 32,088 shares of Douglas Dynamics Inc which is valued at $1,030,346. Douglas Dynamics Inc makes up approx 0.06% of Eqis Capital Management’s portfolio.

Douglas Dynamics Inc closed down -0.55 points or -1.73% at $31.17 with 62,650 shares getting traded on Tuesday. Post opening the session at $31.45, the shares hit an intraday low of $30.9 and an intraday high of $31.6199 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Douglas Dynamics Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.45. The company had revenue of $113.76 million for the quarter, compared to analysts expectations of $96.90 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Douglas Dynamics Inc. is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD FISHER SNOWEX and WESTERN brands turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company’s product offerings primarily consist of snow and ice control products and accessories. The Company offers a range of snowplows and sand and salt spreaders for light trucks. It also provides a range of related parts and accessories. The Company also provides customized turnkey solutions to governmental agencies such as Departments of Transportation (DOTs) and municipalities. The Company sells its products through a distributor network primarily to professional snowplowers who are contracted to remove snow and ice from commercial municipal and residential areas. The Company’s distribution network worldwide consists of over 2200 points of sale.

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