XTX Topco Ltd Acquires New Position in Miller Industries, Inc. (NYSE:MLR)

XTX Topco Ltd bought a new position in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,505 shares of the auto parts company's stock, valued at approximately $468,000. XTX Topco Ltd owned 0.07% of Miller Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Miller Industries in the first quarter valued at $688,000. Susquehanna Fundamental Investments LLC acquired a new position in Miller Industries during the first quarter worth approximately $439,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Miller Industries by 1,404.6% in the first quarter. Hillsdale Investment Management Inc. now owns 57,173 shares of the auto parts company's stock valued at $2,864,000 after acquiring an additional 53,373 shares during the period. AdvisorShares Investments LLC grew its position in shares of Miller Industries by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 136,902 shares of the auto parts company's stock worth $7,426,000 after acquiring an additional 9,384 shares during the last quarter. Finally, Narwhal Capital Management raised its position in Miller Industries by 18.2% in the 2nd quarter. Narwhal Capital Management now owns 86,585 shares of the auto parts company's stock valued at $4,764,000 after purchasing an additional 13,323 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company's stock.

Miller Industries Stock Performance

MLR stock traded down $0.06 during trading on Wednesday, hitting $60.49. The company had a trading volume of 33,987 shares, compared to its average volume of 74,812. The firm has a 50-day moving average price of $60.98 and a 200-day moving average price of $56.53. The company has a quick ratio of 1.44, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The firm has a market cap of $693.82 million, a PE ratio of 10.49 and a beta of 0.96. Miller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $69.75.

Miller Industries (NYSE:MLR - Get Free Report) last released its earnings results on Wednesday, August 7th. The auto parts company reported $1.78 earnings per share (EPS) for the quarter. Miller Industries had a return on equity of 20.16% and a net margin of 5.55%. The business had revenue of $371.45 million for the quarter.

Miller Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, September 9th. Miller Industries's dividend payout ratio (DPR) is presently 13.26%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Miller Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 12th.

About Miller Industries

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.