Hedge Funds Are Crazy About Douglas Dynamics Inc (PLOW)

Consequently, specific money managers have been driving this bullishness. Lafitte Capital Management, managed by Bryant Regan, established the most outsized position in Douglas Dynamics Inc (NYSE:PLOW). The fund had a reported $1 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $0.4 million position during the quarter. The other funds with brand new PLOW positions are D. E. Shaw’s D E Shaw, John Overdeck and David Siegel’s Two Sigma Advisors, and Paul Tudor Jones’s Tudor Investment Corp.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Douglas Dynamics Inc (NYSE:PLOW) but similarly valued. We will take a look at Re/Max Holdings Inc (NYSE:RMAX), Dorchester Minerals LP (NASDAQ:DMLP), CARBO Ceramics Inc. (NYSE:CRR), and Stein Mart, Inc. (NASDAQ:SMRT). This group of stocks’ market caps resemble PLOW’s market cap.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $29 million. That figure was $28 million in PLOW’s case. Stein Mart, Inc. (NASDAQ:SMRT) is the most popular stock in this table. On the other hand Re/Max Holdings Inc (NYSE:RMAX) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Douglas Dynamics Inc (NYSE:PLOW) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.