AlphaQuest LLC Has $39,000 Stock Position in Miller Industries, Inc. (NYSE:MLR)

AlphaQuest LLC lessened its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 601 shares of the auto parts company's stock after selling 7,649 shares during the period. AlphaQuest LLC's holdings in Miller Industries were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in Miller Industries by 10.2% in the third quarter. FMR LLC now owns 766,623 shares of the auto parts company's stock worth $46,764,000 after acquiring an additional 71,231 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Miller Industries by 193.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company's stock worth $5,670,000 after acquiring an additional 61,247 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Miller Industries by 11.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 367,793 shares of the auto parts company's stock valued at $22,435,000 after buying an additional 37,480 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Miller Industries by 188.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,391 shares of the auto parts company's stock worth $2,281,000 after acquiring an additional 24,449 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Miller Industries by 15.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock worth $11,652,000 after buying an additional 24,427 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Stock Performance

Shares of MLR traded up $1.47 during mid-day trading on Monday, hitting $44.23. 98,536 shares of the company's stock were exchanged, compared to its average volume of 90,393. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $505.89 million, a P/E ratio of 7.33 and a beta of 0.96. The business's 50 day moving average is $59.31 and its two-hundred day moving average is $63.77. Miller Industries, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $78.25.

Miller Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 17th. This represents a $0.80 annualized dividend and a yield of 1.81%. This is a boost from Miller Industries's previous quarterly dividend of $0.19. Miller Industries's dividend payout ratio is presently 14.57%.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.