Citadel Advisors LLC Sells 25,370 Shares of Miller Industries, Inc. (NYSE:MLR)

Citadel Advisors LLC lowered its position in Miller Industries, Inc. (NYSE:MLR - Free Report) by 38.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,934 shares of the auto parts company's stock after selling 25,370 shares during the period. Citadel Advisors LLC owned 0.35% of Miller Industries worth $2,610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLR. JPMorgan Chase & Co. increased its position in Miller Industries by 58.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,963 shares of the auto parts company's stock valued at $2,255,000 after buying an additional 13,679 shares in the last quarter. SG Americas Securities LLC increased its position in Miller Industries by 5.2% during the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company's stock valued at $354,000 after buying an additional 270 shares in the last quarter. Redmont Wealth Advisors LLC increased its position in Miller Industries by 2.3% during the 4th quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company's stock valued at $810,000 after buying an additional 282 shares in the last quarter. R Squared Ltd bought a new position in Miller Industries during the 4th quarter valued at approximately $36,000. Finally, Yorktown Management & Research Co Inc bought a new position in Miller Industries during the 4th quarter valued at approximately $307,000. Institutional investors own 79.24% of the company's stock.

Miller Industries Stock Down 3.2%

Miller Industries stock opened at $44.77 on Thursday. The firm has a market cap of $513.03 million, a price-to-earnings ratio of 7.42 and a beta of 1.20. The stock has a fifty day simple moving average of $42.64 and a two-hundred day simple moving average of $57.71. Miller Industries, Inc. has a 12 month low of $37.40 and a 12 month high of $78.25. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Miller Industries (NYSE:MLR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. The business had revenue of $225.65 million during the quarter, compared to analyst estimates of $224.35 million. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. Equities analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Announces Dividend

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

About Miller Industries

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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