Balyasny Asset Management L.P. Purchases New Shares in Miller Industries, Inc. (NYSE:MLR)

Balyasny Asset Management L.P. acquired a new position in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,770 shares of the auto parts company's stock, valued at approximately $377,000. Balyasny Asset Management L.P. owned 0.05% of Miller Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd acquired a new position in Miller Industries in the fourth quarter worth about $36,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of Miller Industries in the 4th quarter valued at approximately $85,000. KLP Kapitalforvaltning AS acquired a new position in shares of Miller Industries in the 4th quarter worth approximately $137,000. LSV Asset Management bought a new position in shares of Miller Industries during the 4th quarter worth approximately $176,000. Finally, Aquatic Capital Management LLC lifted its position in shares of Miller Industries by 75.9% during the 4th quarter. Aquatic Capital Management LLC now owns 2,814 shares of the auto parts company's stock worth $184,000 after buying an additional 1,214 shares during the period. 79.24% of the stock is owned by institutional investors.

Miller Industries Price Performance

NYSE:MLR traded down $0.10 during trading hours on Thursday, reaching $44.67. The company had a trading volume of 4,657 shares, compared to its average volume of 96,686. 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 stock has a 50-day moving average of $42.64 and a two-hundred day moving average of $57.71. Miller Industries, Inc. has a one year low of $37.40 and a one year high of $78.25. The firm has a market capitalization of $511.87 million, a PE ratio of 7.39 and a beta of 1.20.

Miller Industries (NYSE:MLR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $225.65 million for the quarter, compared to the consensus estimate of $224.35 million. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. Analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a $0.20 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. Miller Industries's dividend payout ratio (DPR) is presently 16.99%.

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.