Voisard Asset Management Group Inc. Buys Shares of 2,527 Miller Industries, Inc. (NYSE:MLR)

Voisard Asset Management Group Inc. purchased a new position in shares of Miller Industries, Inc. (NYSE:MLRFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,527 shares of the auto parts company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also modified their holdings of MLR. AJOVista LLC acquired a new stake in Miller Industries in the fourth quarter valued at approximately $69,000. Tower Research Capital LLC TRC lifted its stake in shares of Miller Industries by 52.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock valued at $79,000 after acquiring an additional 639 shares during the last quarter. Blue Trust Inc. bought a new position in shares of Miller Industries in the 4th quarter valued at $86,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Miller Industries by 11.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,800 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 400 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Miller Industries by 21.9% during the 4th 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 last quarter. 79.24% of the stock is currently owned by institutional investors.

Miller Industries Price Performance

MLR traded down $0.14 on Friday, reaching $57.03. The stock had a trading volume of 136,266 shares, compared to its average volume of 59,612. The firm has a 50-day moving average of $55.14 and a 200-day moving average of $47.45. Miller Industries, Inc. has a fifty-two week low of $33.83 and a fifty-two week high of $61.87. The company has a market capitalization of $654.13 million, a price-to-earnings ratio of 9.95 and a beta of 1.02. The company has a current ratio of 2.03, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15.

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

Miller Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.33%. The ex-dividend date was Monday, June 3rd. Miller Industries’s dividend payout ratio (DPR) is currently 13.26%.

Miller Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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