17,312 Shares in Miller Industries, Inc. (NYSE:MLR) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC acquired a new stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,312 shares of the auto parts company's stock, valued at approximately $1,132,000. Sovereign s Capital Management LLC owned approximately 0.15% of Miller Industries at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Miller Industries by 15.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock valued at $11,652,000 after buying an additional 24,427 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Miller Industries by 58.6% during the 4th quarter. JPMorgan Chase & Co. now owns 58,606 shares of the auto parts company's stock valued at $3,830,000 after buying an additional 21,643 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Miller Industries during the 4th quarter valued at about $495,000. Principal Financial Group Inc. increased its stake in Miller Industries by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 8,887 shares of the auto parts company's stock worth $581,000 after purchasing an additional 757 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Miller Industries by 22.5% in the 4th quarter. BNP Paribas Financial Markets now owns 57,382 shares of the auto parts company's stock worth $3,750,000 after purchasing an additional 10,526 shares during the period. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Down 1.0%

Miller Industries stock traded down $0.44 during trading hours on Friday, reaching $44.31. The company had a trading volume of 40,270 shares, compared to its average volume of 96,969. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The company has a 50-day moving average price of $42.65 and a 200 day moving average price of $57.56. The firm has a market cap of $507.77 million, a price-to-earnings ratio of 7.35 and a beta of 1.20. Miller Industries, Inc. has a 12-month low of $37.40 and a 12-month high of $78.25.

Miller Industries (NYSE:MLR - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $224.35 million. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. Equities analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current year.

Miller Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders 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 dividend yield of 1.81%. Miller Industries's dividend payout ratio is currently 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.