Parametric Portfolio Associates LLC Invests $223,000 in Miller Industries, Inc. (MLR)
Parametric Portfolio Associates LLC purchased a new stake in Miller Industries, Inc. (NYSE:MLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,965 shares of the auto parts company’s stock, valued at approximately $223,000. Parametric Portfolio Associates LLC owned approximately 0.08% of Miller Industries at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MLR. Strs Ohio acquired a new stake in shares of Miller Industries in the second quarter valued at approximately $171,000. Bessemer Group Inc. grew its stake in shares of Miller Industries by 8,139.4% in the second quarter. Bessemer Group Inc. now owns 11,700 shares of the auto parts company’s stock worth $291,000 after purchasing an additional 11,558 shares during the last quarter. Algert Global LLC bought a new stake in shares of Miller Industries in the second quarter worth $291,000. Bank of New York Mellon Corp grew its stake in shares of Miller Industries by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 144,037 shares of the auto parts company’s stock worth $3,579,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Miller Industries by 2.2% in the second quarter. Wells Fargo & Company MN now owns 370,781 shares of the auto parts company’s stock worth $9,214,000 after purchasing an additional 7,915 shares during the last quarter. Institutional investors own 84.25% of the company’s stock.
In related news, Director A Russell Chandler III sold 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $25.15, for a total value of $25,150.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.09% of the stock is owned by insiders.
Shares of Miller Industries, Inc. (MLR) traded down $1.07 during trading on Friday, hitting $26.65. 43,569 shares of the company traded hands, compared to its average volume of 27,053. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10. Miller Industries, Inc. has a one year low of $22.80 and a one year high of $29.00. The company has a market capitalization of $323.72, a PE ratio of 17.89 and a beta of 0.59.
Miller Industries (NYSE:MLR) last released its earnings results on Wednesday, November 8th. The auto parts company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $153.36 million for the quarter. Miller Industries had a net margin of 3.01% and a return on equity of 9.58%.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, December 4th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.72 annualized dividend and a yield of 2.70%. Miller Industries’s payout ratio is 45.28%.
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Miller Industries 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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