Legal & General Group Plc decreased its stake in Miller Industries, Inc. (NYSE:MLR - Free Report) by 61.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,231 shares of the auto parts company's stock after selling 19,578 shares during the period. Legal & General Group Plc owned approximately 0.11% of Miller Industries worth $799,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MLR. R Squared Ltd acquired a new position in Miller Industries in the 4th quarter valued at approximately $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Miller Industries in the fourth quarter valued at $137,000. Sanctuary Advisors LLC bought a new position in Miller Industries in the third quarter worth $195,000. Raymond James Financial Inc. acquired a new stake in Miller Industries during the fourth quarter worth $217,000. Finally, Cerity Partners LLC bought a new stake in Miller Industries in the 4th quarter valued at $286,000. Institutional investors and hedge funds own 79.24% of the company's stock.
Miller Industries Price Performance
Shares of MLR stock traded up $1.12 during mid-day trading on Friday, reaching $42.69. The company's stock had a trading volume of 11,889 shares, compared to its average volume of 97,564. The firm's 50-day moving average is $44.46 and its two-hundred day moving average is $59.65. The company has a market cap of $489.18 million, a P/E ratio of 7.10 and a beta of 1.14. Miller Industries, Inc. has a 1-year low of $37.40 and a 1-year high of $78.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12.
Miller Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.20 per share. This is a boost from Miller Industries's previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. Miller Industries's dividend payout ratio (DPR) is currently 14.57%.
Miller Industries Company Profile
(
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.
Featured Stories
Before you consider Miller Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Miller Industries wasn't on the list.
While Miller Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
