Martingale Asset Management L P Sells 9,021 Shares of Miller Industries, Inc. (NYSE:MLR)

Martingale Asset Management L P decreased its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 65.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700 shares of the auto parts company’s stock after selling 9,021 shares during the period. Martingale Asset Management L P’s holdings in Miller Industries were worth $307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Miller Industries during the 3rd quarter worth about $945,000. Janus Henderson Group PLC boosted its position in shares of Miller Industries by 49.9% during the third quarter. Janus Henderson Group PLC now owns 15,504 shares of the auto parts company’s stock worth $945,000 after buying an additional 5,160 shares during the period. State Street Corp grew its holdings in shares of Miller Industries by 4.3% during the third quarter. State Street Corp now owns 230,828 shares of the auto parts company’s stock worth $14,081,000 after buying an additional 9,482 shares in the last quarter. Barclays PLC raised its position in Miller Industries by 115.6% in the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock valued at $1,717,000 after buying an additional 15,082 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Miller Industries in the 3rd quarter valued at approximately $195,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Trading Up 1.4 %

NYSE:MLR opened at $41.03 on Monday. The company has a market cap of $469.28 million, a P/E ratio of 6.80 and a beta of 1.14. Miller Industries, Inc. has a twelve month low of $37.40 and a twelve month high of $78.25. The business has a 50 day moving average price of $50.70 and a two-hundred day moving average price of $61.68. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

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 given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s dividend payout ratio (DPR) is 14.57%.

Miller Industries 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.