Dimensional Fund Advisors LP lowered its holdings in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 816,932 shares of the auto parts company's stock after selling 48,866 shares during the period. Dimensional Fund Advisors LP owned about 7.14% of Miller Industries worth $53,395,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of Miller Industries during the 4th quarter worth approximately $36,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Miller Industries in the fourth quarter worth $85,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Miller Industries in the fourth quarter valued at $137,000. LSV Asset Management acquired a new stake in shares of Miller Industries during the fourth quarter valued at $176,000. Finally, Capital Square LLC purchased a new stake in Miller Industries during the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 79.24% of the company's stock.
Miller Industries Price Performance
NYSE:MLR opened at $42.41 on Friday. Miller Industries, Inc. has a 12-month low of $37.40 and a 12-month high of $78.25. The firm has a market cap of $485.96 million, a price-to-earnings ratio of 7.03 and a beta of 1.14. The company's 50-day moving average is $44.12 and its two-hundred day moving average is $59.51. 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 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Miller Industries's previous quarterly dividend of $0.19. Miller Industries's dividend payout ratio (DPR) is 14.57%.
About Miller Industries
(
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.
Further Reading
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