Congress Wealth Management LLC DE Sells 16,395 Shares of Miller Industries, Inc. (NYSE:MLR)

Congress Wealth Management LLC DE lowered its stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 71.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,670 shares of the auto parts company's stock after selling 16,395 shares during the quarter. Congress Wealth Management LLC DE owned about 0.06% of Miller Industries worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Miller Industries during the 4th quarter worth approximately $36,000. KLP Kapitalforvaltning AS purchased a new position in Miller Industries during the fourth quarter valued at $137,000. Sanctuary Advisors LLC bought a new stake in shares of Miller Industries during the 3rd quarter valued at $195,000. Raymond James Financial Inc. purchased a new stake in shares of Miller Industries in the 4th quarter worth about $217,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Miller Industries in the 4th quarter worth about $307,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Stock Down 0.1 %

NYSE MLR traded down $0.06 during trading hours on Wednesday, reaching $42.89. 19,025 shares of the company's stock traded hands, compared to its average volume of 94,105. Miller Industries, Inc. has a 52-week low of $41.38 and a 52-week high of $78.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The firm has a 50-day simple moving average of $56.02 and a 200 day simple moving average of $63.07. The firm has a market cap of $490.62 million, a PE ratio of 7.11 and a beta of 0.96.

Miller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.20 per share. This is a boost from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. Miller Industries's 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.