Victory Capital Management Inc. increased its holdings in Miller Industries, Inc. (NYSE:MLR – Free Report) by 58.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,480 shares of the auto parts company’s stock after buying an additional 1,287 shares during the period. Victory Capital Management Inc.’s holdings in Miller Industries were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MLR. FMR LLC raised its position in Miller Industries by 202,359.2% during the first quarter. FMR LLC now owns 317,861 shares of the auto parts company’s stock valued at $11,236,000 after purchasing an additional 317,704 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Miller Industries by 11.4% in the first quarter. Thrivent Financial for Lutherans now owns 966,162 shares of the auto parts company’s stock worth $34,154,000 after purchasing an additional 98,692 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Miller Industries by 654.4% in the second quarter. Deutsche Bank AG now owns 45,390 shares of the auto parts company’s stock worth $1,029,000 after purchasing an additional 39,373 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Miller Industries by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 112,077 shares of the auto parts company’s stock valued at $3,156,000 after acquiring an additional 34,183 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Miller Industries by 26.2% during the second quarter. Renaissance Technologies LLC now owns 130,200 shares of the auto parts company’s stock valued at $2,952,000 after acquiring an additional 27,000 shares during the last quarter. 77.11% of the stock is currently owned by institutional investors and hedge funds.
Miller Industries Stock Performance
Shares of MLR stock opened at $37.20 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.34 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $38.66 and a two-hundred day simple moving average of $36.87. Miller Industries, Inc. has a 12 month low of $25.32 and a 12 month high of $41.50. The firm has a market capitalization of $425.79 million, a PE ratio of 11.04 and a beta of 1.01.
Miller Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.72 annualized dividend and a yield of 1.94%. Miller Industries’s dividend payout ratio (DPR) is currently 21.36%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Miller Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 30th.
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 flatbed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.
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