Stifel Financial Corp Takes Position in Miller Industries, Inc. (NYSE:MLR)

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

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Miller Industries in the 4th quarter worth $36,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of Miller Industries in the 4th quarter valued at about $85,000. KLP Kapitalforvaltning AS acquired a new stake in Miller Industries in the 4th quarter worth approximately $137,000. LSV Asset Management acquired a new stake in Miller Industries during the 4th quarter valued at approximately $176,000. Finally, Capital Square LLC acquired a new position in shares of Miller Industries in the 4th quarter valued at $201,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Trading Up 0.8%

Shares of MLR traded up $0.38 during mid-day trading on Friday, reaching $46.38. The stock had a trading volume of 52,291 shares, compared to its average volume of 97,473. Miller Industries, Inc. has a 52-week low of $37.40 and a 52-week high of $78.25. The firm has a market cap of $531.51 million, a price-to-earnings ratio of 7.69 and a beta of 1.20. The business's fifty day moving average is $42.58 and its 200 day moving average is $58.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

Miller Industries (NYSE:MLR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. The company had revenue of $225.65 million for the quarter, compared to analyst estimates of $224.35 million. On average, sell-side analysts predict that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, June 2nd. Miller Industries's dividend payout ratio (DPR) is 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.