BlackRock Amends DD Stake: Now Owns 8.4% of Douglas Dynamics
Ticker: PLOW · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still a major holder in DD, owning 8.4% as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Douglas Dynamics, Inc. (DD). As of December 31, 2023, BlackRock reported beneficial ownership of 2,008,085 shares of Common Stock, representing 8.4% of the company. This is an amendment to their previous filing, indicating a change in their holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in the company's future prospects.
Why It Matters
This filing shows that BlackRock, a significant institutional investor, maintains a substantial stake in Douglas Dynamics, Inc., which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued substantial, passive ownership in Douglas Dynamics, Inc., which suggests institutional confidence without indicating any activist intent. This could be a positive signal for long-term stability.
Key Numbers
- 2,008,085 — Shares Beneficially Owned (This is the total number of Douglas Dynamics, Inc. shares BlackRock reported owning.)
- 8.4% — Percentage of Class (This represents BlackRock's significant ownership stake in Douglas Dynamics, Inc.)
- December 31, 2023 — Reporting Date (This is the snapshot date for the reported share ownership.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Douglas Dynamics, Inc. (company) — the subject company in which BlackRock holds shares
- 2,008,085 (dollar_amount) — number of shares beneficially owned by BlackRock
- 8.4% (dollar_amount) — percentage of Douglas Dynamics, Inc. common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Douglas Dynamics, Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors (like BlackRock Inc.) to report beneficial ownership of 5% or more of a company's stock, but without the intent to influence or control the company. The '/A' indicates it's an amendment to a previous filing, meaning there's been a change in their reported holdings or other information.
Which company is the subject of this SC 13G/A filing?
The subject company of this SC 13G/A filing is DOUGLAS DYNAMICS, INC., as clearly stated in the filing's header and body.
Who filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., as indicated in the 'FILED BY' section and the cover page of the document.
What percentage of Douglas Dynamics, Inc. common stock does BlackRock Inc. beneficially own as per this filing?
As of December 31, 2023, BlackRock Inc. beneficially owns 8.4% of the Common Stock of Douglas Dynamics, Inc., as stated on the cover page of the filing.
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, as specified on the cover page of the SC 13G/A filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-004588 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-004588 Filing Date 2024-01-26 Accepted 2024-01-26 16:23:42 Documents 1 Document Format Files Seq Description Document Type Size 1 us25960r1059_012624.txt SC 13G/A 11708 Complete submission text file 0001086364-24-004588.txt 13616 Mailing Address 11270 W. PARK PLACE SUITE 300 MILWAUKEE WI 53224 Business Address 11270 W. PARK PLACE SUITE 300 MILWAUKEE WI 53224 414-362-3940 DOUGLAS DYNAMICS, INC (Subject) CIK : 0001287213 (see all company filings) EIN. : 134275891 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-85472 | Film No.: 24568106 SIC : 3531 Construction Machinery & Equip (CF Office: 06 Technology) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)