Quantbot Technologies LP Trims Stock Position in Miller Industries, Inc. (NYSE:MLR)

Quantbot Technologies LP decreased its stake in Miller Industries, Inc. (NYSE:MLR) by 50.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,311 shares of the auto parts company’s stock after selling 4,368 shares during the quarter. Quantbot Technologies LP’s holdings in Miller Industries were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC raised its position in shares of Miller Industries by 3.5% in the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock worth $352,000 after acquiring an additional 194 shares during the period. SG Americas Securities LLC raised its holdings in Miller Industries by 5.2% in the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company’s stock worth $354,000 after purchasing an additional 270 shares during the period. Redmont Wealth Advisors LLC boosted its position in Miller Industries by 2.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 282 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Miller Industries by 1.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,775 shares of the auto parts company’s stock valued at $1,423,000 after purchasing an additional 295 shares during the period. Finally, Ellsworth Advisors LLC increased its position in shares of Miller Industries by 4.2% in the fourth quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company’s stock valued at $806,000 after buying an additional 492 shares in the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Miller Industries Trading Down 2.6 %

Shares of NYSE:MLR opened at $42.47 on Friday. The business’s 50 day moving average price is $57.03 and its 200-day moving average price is $63.24. Miller Industries, Inc. has a 1 year low of $41.38 and a 1 year high of $78.25. The firm has a market capitalization of $485.81 million, a price-to-earnings ratio of 7.04 and a beta of 0.96. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.88%. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. Miller Industries’s dividend payout ratio (DPR) is presently 14.57%.

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.