Segall Bryant & Hamill LLC decreased its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,172 shares of the auto parts company's stock after selling 6,500 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.53% of Miller Industries worth $3,933,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new stake in Miller Industries during the fourth quarter valued at about $36,000. KLP Kapitalforvaltning AS bought a new stake in Miller Industries in the fourth quarter worth $137,000. Sanctuary Advisors LLC bought a new position in Miller Industries during the 3rd quarter valued at about $195,000. Raymond James Financial Inc. bought a new position in Miller Industries in the 4th quarter valued at $217,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Miller Industries in the 4th quarter valued at about $307,000. Hedge funds and other institutional investors own 79.24% of the company's stock.
Miller Industries Stock Up 0.2 %
Shares of MLR stock traded up $0.09 on Tuesday, hitting $42.46. The stock had a trading volume of 10,030 shares, compared to its average volume of 93,654. The business has a 50 day moving average price of $56.52 and a 200 day moving average price of $63.18. The company has a market cap of $485.64 million, a PE ratio of 7.03 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. Miller Industries, Inc. has a one year low of $41.38 and a one year high of $78.25.
Miller Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Miller Industries's previous quarterly dividend of $0.19. Miller Industries's dividend payout ratio (DPR) is 14.57%.
Miller Industries Company Profile
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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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