Huber Capital Management LLC lowered its stake in Miller Industries, Inc. (NYSE:MLR - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,302 shares of the auto parts company's stock after selling 21,554 shares during the quarter. Huber Capital Management LLC owned about 0.74% of Miller Industries worth $5,510,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in MLR. R Squared Ltd purchased a new position in Miller Industries during the fourth quarter valued at approximately $36,000. KLP Kapitalforvaltning AS bought a new position in Miller Industries in the 4th quarter worth $137,000. Sanctuary Advisors LLC purchased a new stake in Miller Industries in the 3rd quarter worth $195,000. Raymond James Financial Inc. bought a new stake in Miller Industries during the fourth quarter valued at about $217,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Miller Industries in the fourth quarter valued at about $307,000. 79.24% of the stock is owned by hedge funds and other institutional investors.
Miller Industries Price Performance
Shares of NYSE:MLR traded down $0.08 during trading on Monday, hitting $39.73. 77,434 shares of the company's stock were exchanged, compared to its average volume of 95,287. The business's 50-day simple moving average is $54.40 and its 200 day simple moving average is $62.69. The company has a market cap of $454.47 million, a price-to-earnings ratio of 6.57 and a beta of 1.14. Miller Industries, Inc. has a 52-week low of $36.00 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.
Miller Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.20 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.80 annualized dividend and a yield of 2.01%. This is a boost from Miller Industries's previous quarterly dividend of $0.19. Miller Industries's payout ratio is presently 14.57%.
About Miller Industries
(
Free Report)
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.
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