Susquehanna Fundamental Investments LLC Acquires Shares of 13,185 Miller Industries, Inc. (NYSE:MLR)

Susquehanna Fundamental Investments LLC bought a new stake in Miller Industries, Inc. (NYSE:MLR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,185 shares of the auto parts company's stock, valued at approximately $862,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Miller Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its stake in shares of Miller Industries by 29.8% in the fourth quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company's stock valued at $42,132,000 after acquiring an additional 148,079 shares in the last quarter. Franklin Resources Inc. raised its position in Miller Industries by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 248,555 shares of the auto parts company's stock valued at $16,246,000 after purchasing an additional 1,511 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Miller Industries by 15.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company's stock valued at $11,652,000 after buying an additional 24,427 shares during the period. Portolan Capital Management LLC acquired a new position in shares of Miller Industries during the fourth quarter worth about $9,366,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Miller Industries by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 93,542 shares of the auto parts company's stock worth $6,114,000 after buying an additional 587 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.

Miller Industries Stock Down 0.8 %

Miller Industries stock traded down $0.35 during trading on Tuesday, reaching $42.10. The stock had a trading volume of 44,923 shares, compared to its average volume of 97,363. Miller Industries, Inc. has a 52-week low of $37.40 and a 52-week high of $78.25. The business has a 50 day moving average price of $43.81 and a 200 day moving average price of $59.30. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16. The stock has a market cap of $482.39 million, a PE ratio of 6.98 and a beta of 1.20.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors 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 annualized dividend and a yield of 1.90%. Miller Industries's payout ratio is presently 14.57%.

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.