Stifel Financial Corp Buys Shares of 7,578 Miller Industries, Inc. (NYSE:MLR)

Stifel Financial Corp bought a new position in Miller Industries, Inc. (NYSE:MLR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,578 shares of the auto parts company's stock, valued at approximately $495,000. Stifel Financial Corp owned approximately 0.07% of Miller Industries at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MLR. R Squared Ltd purchased a new position in Miller Industries during the fourth quarter valued at approximately $36,000. CANADA LIFE ASSURANCE Co bought a new position in shares of Miller Industries during the 4th quarter valued at $85,000. KLP Kapitalforvaltning AS bought a new position in shares of Miller Industries during the 4th quarter valued at $137,000. LSV Asset Management acquired a new stake in shares of Miller Industries in the 4th quarter valued at $176,000. Finally, Capital Square LLC bought a new stake in Miller Industries in the fourth quarter worth $201,000. Institutional investors and hedge funds own 79.24% of the company's stock.

Miller Industries Stock Up 0.8%

NYSE MLR traded up $0.38 during trading on Friday, hitting $46.38. 52,291 shares of the company traded hands, compared to its average volume of 97,131. Miller Industries, Inc. has a 12 month low of $37.40 and a 12 month high of $78.25. The business has a fifty day simple moving average of $42.58 and a 200 day simple moving average of $58.29. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $531.51 million, a P/E ratio of 7.69 and a beta of 1.20.

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, beating the consensus estimate of $0.60 by $0.09. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The company had revenue of $225.65 million for the quarter, compared to the consensus estimate of $224.35 million. As a group, sell-side analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.72%. Miller Industries's dividend payout ratio (DPR) is presently 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.