Perritt Capital Management Inc cut its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,606 shares of the auto parts company's stock after selling 10,000 shares during the period. Miller Industries accounts for 1.0% of Perritt Capital Management Inc's holdings, making the stock its 19th biggest holding. Perritt Capital Management Inc owned 0.27% of Miller Industries worth $2,000,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Miller Industries by 115.6% in the third quarter. Barclays PLC now owns 28,131 shares of the auto parts company's stock valued at $1,717,000 after purchasing an additional 15,082 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Miller Industries by 15.9% in 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 in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Miller Industries in the 3rd quarter worth $496,000. Sanctuary Advisors LLC bought a new stake in shares of Miller Industries in the 3rd quarter worth about $195,000. Finally, Systematic Financial Management LP raised its position in shares of Miller Industries by 2.0% during the 3rd quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company's stock valued at $24,105,000 after buying an additional 7,586 shares in the last quarter. 79.24% of the stock is currently owned by institutional investors.
Miller Industries Trading Down 2.3 %
NYSE MLR traded down $0.92 during trading hours on Monday, hitting $38.89. 43,096 shares of the company were exchanged, compared to its average volume of 124,486. The stock has a market cap of $444.86 million, a PE ratio of 6.45 and a beta of 1.14. Miller Industries, Inc. has a 52 week low of $37.40 and a 52 week high of $78.25. The stock has a 50-day moving average price of $54.40 and a 200 day moving average price of $62.69. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.
Miller Industries Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.20 dividend. This is a positive change 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 dividend yield of 2.06%. 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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