Quadrature Capital Ltd Increases Position in Miller Industries, Inc. (NYSE:MLR)

Quadrature Capital Ltd raised its position in Miller Industries, Inc. (NYSE:MLR) by 90.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,669 shares of the auto parts company’s stock after purchasing an additional 9,340 shares during the quarter. Quadrature Capital Ltd owned 0.17% of Miller Industries worth $829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLR. FMR LLC raised its position in Miller Industries by 1.2% in the third quarter. FMR LLC now owns 420,398 shares of the auto parts company’s stock valued at $16,484,000 after purchasing an additional 4,825 shares during the period. Vanguard Group Inc. increased its position in shares of Miller Industries by 1.3% during the third quarter. Vanguard Group Inc. now owns 546,369 shares of the auto parts company’s stock worth $21,423,000 after acquiring an additional 6,937 shares during the period. North Star Investment Management Corp. increased its position in shares of Miller Industries by 1.0% during the fourth quarter. North Star Investment Management Corp. now owns 51,275 shares of the auto parts company’s stock worth $2,168,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC increased its position in shares of Miller Industries by 21.9% during the fourth quarter. SG Americas Securities LLC now owns 5,846 shares of the auto parts company’s stock worth $247,000 after acquiring an additional 1,050 shares during the period. Finally, Ellsworth Advisors LLC increased its position in shares of Miller Industries by 3.3% during the fourth quarter. Ellsworth Advisors LLC now owns 10,205 shares of the auto parts company’s stock worth $432,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Down 3.1 %

Miller Industries stock opened at $56.14 on Friday. Miller Industries, Inc. has a twelve month low of $33.83 and a twelve month high of $61.87. The stock’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $48.05. The company has a current ratio of 2.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $643.93 million, a P/E ratio of 9.80 and a beta of 1.02.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share for the quarter. Miller Industries had a return on equity of 19.46% and a net margin of 5.41%. The business had revenue of $349.87 million for the quarter.

Miller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Monday, June 3rd. Miller Industries’s dividend payout ratio is currently 13.26%.

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.