Royce & Associates LP increased its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 644,607 shares of the auto parts company's stock after acquiring an additional 148,079 shares during the quarter. Royce & Associates LP owned about 5.63% of Miller Industries worth $42,132,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new stake in Miller Industries in the 4th quarter valued at $36,000. Sanctuary Advisors LLC purchased a new stake in shares of Miller Industries in the third quarter valued at about $195,000. Raymond James Financial Inc. acquired a new stake in Miller Industries during the fourth quarter worth about $217,000. Yorktown Management & Research Co Inc acquired a new stake in Miller Industries during the fourth quarter worth about $307,000. Finally, Verition Fund Management LLC raised its stake in Miller Industries by 3.5% during the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company's stock worth $352,000 after purchasing an additional 194 shares during the period. 79.24% of the stock is owned by hedge funds and other institutional investors.
Miller Industries Trading Down 0.1 %
Shares of Miller Industries stock traded down $0.06 during mid-day trading on Thursday, hitting $44.45. The stock had a trading volume of 100,544 shares, compared to its average volume of 88,372. Miller Industries, Inc. has a 12-month low of $41.38 and a 12-month high of $78.25. The firm has a market cap of $508.42 million, a P/E ratio of 7.37 and a beta of 0.96. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $60.14 and a two-hundred day moving average of $63.96.
Miller Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. This is an increase from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date is Monday, March 17th. Miller Industries's dividend payout ratio (DPR) is 14.57%.
Miller Industries Company Profile
(
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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