Miller Industries (MLR) Receiving Somewhat Positive News Coverage, Study Finds
News coverage about Miller Industries (NYSE:MLR) has trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Miller Industries earned a news sentiment score of 0.12 on Alpha One’s scale. Alpha One also gave media headlines about the auto parts company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
Miller Industries (NYSE:MLR) traded up 1.06% during trading on Friday, hitting $23.90. 23,915 shares of the company traded hands. Miller Industries has a 52 week low of $19.86 and a 52 week high of $28.85. The company’s 50 day moving average is $24.98 and its 200-day moving average is $25.39. The stock has a market capitalization of $271.29 million, a PE ratio of 13.35 and a beta of 0.78.
Miller Industries (NYSE:MLR) last released its earnings results on Wednesday, May 3rd. The auto parts company reported $0.34 EPS for the quarter. Miller Industries had a net margin of 3.29% and a return on equity of 10.84%. The firm had revenue of $148.93 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, June 9th. Miller Industries’s dividend payout ratio (DPR) is presently 39.77%.
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In related news, CEO Jeffrey I. Badgley sold 6,428 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $25.56, for a total transaction of $164,299.68. Following the sale, the chief executive officer now owns 15,000 shares of the company’s stock, valued at $383,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey I. Badgley sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $25.84, for a total transaction of $51,680.00. Following the sale, the chief executive officer now directly owns 13,000 shares in the company, valued at approximately $335,920. The disclosure for this sale can be found here. Insiders sold 32,928 shares of company stock worth $844,650 in the last three months. Insiders own 4.24% of the company’s stock.
Miller Industries Company Profile
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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