Conestoga Capital Advisors Updates Douglas Dynamics Stake

Ticker: PLOW · Form: SC 13G/A · Filed: 2024-01-05T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, form-13g, investor-update

Related Tickers: PLOW

TL;DR

**Conestoga Capital Advisors still owns PLOW shares as of year-end 2023.**

AI Summary

Conestoga Capital Advisors LLC, a Delaware-based investment advisor, filed an amended Schedule 13G/A on January 5, 2024, indicating their beneficial ownership of Douglas Dynamics, Inc. (ticker: PLOW) common stock as of December 31, 2023. This filing, Amendment No. 6, updates their previous disclosures regarding their holdings in the construction machinery and equipment company. This matters to investors because it shows a significant institutional investor continues to hold a position in Douglas Dynamics, suggesting ongoing confidence in the company, though the specific change in their stake isn't detailed in this excerpt.

Why It Matters

This filing confirms that a notable institutional investor, Conestoga Capital Advisors, maintains a position in Douglas Dynamics, which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating ongoing ownership rather than a new, high-impact event.

Analyst Insight

Investors should note that a significant institutional investor maintains a position in Douglas Dynamics, which could be interpreted as a vote of confidence, but this filing alone doesn't provide details on changes in their stake or future intentions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this and what does it signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that Conestoga Capital Advisors LLC is updating its previously reported beneficial ownership of Douglas Dynamics, Inc. common stock, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is Conestoga Capital Advisors LLC, an investment advisor organized in Delaware, with IRS Identification No. 23-3072906.

What is the subject company and its CUSIP number?

The subject company is Douglas Dynamics, Inc., which operates in the construction machinery & equipment industry (SIC 3531). Its common stock has a CUSIP Number of 25960R105.

What was the 'Date of Event which Requires Filing of this Statement'?

The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, indicating the ownership position as of the end of the previous calendar year.

What is the business address of Conestoga Capital Advisors LLC?

The business address for Conestoga Capital Advisors LLC is 550 E. Swedesford Road, Suite 120, Wayne, PA 19087, with a business phone of 484-654-1380.

Filing Stats: 1,107 words · 4 min read · ~4 pages · Grade level 8.8 · Accepted 2024-01-05 09:29:55

Key Financial Figures

Filing Documents

(a)

ITEM 1(a). NAME OF ISSUER: DOUGLAS DYNAMICS, INC

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 7777 North 73rd St. Milwaukee, WI 53223

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors LLC Conestoga Small Cap Fund

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd. Ste 120 Wayne, PA 19087

(c)

ITEM 2(c). CITIZENSHIP: Delaware Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.01 Par Value

(e)

ITEM 2(e). CUSIP NUMBER: 25960R105 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [X] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. OWNERSHIP (a) Amount beneficially owned: Conestoga Capital Advisors LLC - 2,339,723 Conestoga Small Cap Fund - 1,514,034 (b) Percent of class: Conestoga Capital Advisors LLC - 10.18% Conestoga Small Cap Fund - 6.59% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Conestoga Capital Advisors LLC - 2,191,913 Conestoga Small Cap Fund - 1,514,034 (ii) shared power to vote or to direct the vote: Conestoga Capital Advisors LLC - 0 Conestoga Small Cap Fund - 0 (iii) sole power to dispose or direct the disposition of: Conestoga Capital Advisors LLC - 2,339,723 Conestoga Small Cap

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