Renaissance Technologies LLC Sells 8,400 Shares of Miller Industries, Inc. (NYSE:MLR)

Renaissance Technologies LLC lowered its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 21.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 31,400 shares of the auto parts company's stock after selling 8,400 shares during the period. Renaissance Technologies LLC owned 0.27% of Miller Industries worth $2,052,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MLR. Barclays PLC increased its holdings in shares of Miller Industries by 115.6% during the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company's stock worth $1,717,000 after acquiring an additional 15,082 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Miller Industries by 15.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock worth $11,652,000 after purchasing an additional 24,427 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Miller Industries in the third quarter valued at $496,000. Sanctuary Advisors LLC bought a new position in shares of Miller Industries in the third quarter valued at about $195,000. Finally, JPMorgan Chase & Co. raised its position in shares of Miller Industries by 58.6% in the fourth quarter. JPMorgan Chase & Co. now owns 58,606 shares of the auto parts company's stock valued at $3,830,000 after purchasing an additional 21,643 shares during the period. Institutional investors and hedge funds own 79.24% of the company's stock.

Miller Industries Stock Performance

Shares of MLR stock traded up $0.17 during midday trading on Tuesday, hitting $41.31. 46,998 shares of the company were exchanged, compared to its average volume of 97,602. Miller Industries, Inc. has a 52 week low of $37.40 and a 52 week high of $78.25. The firm has a market capitalization of $473.37 million, a P/E ratio of 6.85 and a beta of 1.14. The firm's 50 day moving average price is $45.57 and its two-hundred day moving average price is $60.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12.

Miller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.20 dividend. This is an increase from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.94%. Miller Industries's dividend payout ratio is presently 14.57%.

Miller Industries 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.