Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Miller Industries, Inc. (NYSE:MLR – Get Rating) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,102 shares of the auto parts company’s stock, valued at approximately $252,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Miller Industries as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MLR. Signaturefd LLC raised its stake in shares of Miller Industries by 163.4% in the 1st quarter. Signaturefd LLC now owns 1,180 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 732 shares during the period. AdvisorShares Investments LLC raised its stake in shares of Miller Industries by 9.2% in the 1st quarter. AdvisorShares Investments LLC now owns 43,009 shares of the auto parts company’s stock valued at $1,211,000 after acquiring an additional 3,627 shares during the period. Commerce Bank purchased a new position in shares of Miller Industries in the 1st quarter valued at $230,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Miller Industries by 3.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,594 shares of the auto parts company’s stock valued at $326,000 after acquiring an additional 434 shares during the period. Finally, Systematic Financial Management LP raised its stake in shares of Miller Industries by 21.0% in the 1st quarter. Systematic Financial Management LP now owns 317,759 shares of the auto parts company’s stock valued at $8,948,000 after acquiring an additional 55,160 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Miller Industries from a “hold” rating to a “buy” rating in a research note on Friday.
Miller Industries Stock Performance
Miller Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, December 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, December 2nd. Miller Industries’s dividend payout ratio (DPR) is 59.50%.
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 flatbed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.
- Get a free copy of the StockNews.com research report on Miller Industries (MLR)
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