Mutual of America Capital Management LLC Decreases Position in Miller Industries, Inc. (NYSE:MLR)

Mutual of America Capital Management LLC reduced its stake in Miller Industries, Inc. (NYSE:MLR - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,840 shares of the auto parts company's stock after selling 90,818 shares during the period. Mutual of America Capital Management LLC owned 1.96% of Miller Industries worth $9,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in shares of Miller Industries by 107.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,444 shares of the auto parts company's stock worth $38,000 after acquiring an additional 749 shares in the last quarter. UBS Group AG increased its position in shares of Miller Industries by 63.1% during the third quarter. UBS Group AG now owns 2,076 shares of the auto parts company's stock worth $44,000 after acquiring an additional 803 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Miller Industries by 69.2% during the first quarter. Tower Research Capital LLC TRC now owns 1,338 shares of the auto parts company's stock worth $47,000 after acquiring an additional 547 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of Miller Industries during the fourth quarter worth about $86,000. Finally, BNP Paribas Arbitrage SNC increased its position in shares of Miller Industries by 83.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 5,488 shares of the auto parts company's stock worth $117,000 after acquiring an additional 2,496 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Miller Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 7th.

Miller Industries Stock Up 2.2 %

MLR stock traded up $1.11 during trading on Thursday, reaching $52.24. The stock had a trading volume of 54,151 shares, compared to its average volume of 56,808. Miller Industries, Inc. has a one year low of $32.13 and a one year high of $53.82. The company has a quick ratio of 1.37, a current ratio of 2.17 and a debt-to-equity ratio of 0.17. The company's 50 day moving average is $46.62 and its two-hundred day moving average is $42.05. The company has a market capitalization of $598.15 million, a price-to-earnings ratio of 10.30 and a beta of 1.04.

Miller Industries (NYSE:MLR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The auto parts company reported $1.45 earnings per share (EPS) for the quarter. The business had revenue of $296.25 million during the quarter. Miller Industries had a net margin of 5.05% and a return on equity of 17.97%.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 18th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. This is a boost from Miller Industries's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, March 15th. Miller Industries's payout ratio is presently 14.99%.

Miller Industries Company 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.