Quantbot Technologies LP Decreases Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

Quantbot Technologies LP cut its stake in Miller Industries, Inc. (NYSE:MLR) by 50.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,311 shares of the auto parts company’s stock after selling 4,368 shares during the period. Quantbot Technologies LP’s holdings in Miller Industries were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Miller Industries by 115.6% in the 3rd quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock valued at $1,717,000 after buying an additional 15,082 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Miller Industries by 15.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock valued at $11,652,000 after purchasing an additional 24,427 shares during the period. Principal Financial Group Inc. acquired a new stake in Miller Industries during the third quarter worth about $496,000. Sanctuary Advisors LLC purchased a new position in Miller Industries during the third quarter worth about $195,000. Finally, Systematic Financial Management LP boosted its holdings in Miller Industries by 2.0% in the 3rd quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company’s stock valued at $24,105,000 after purchasing an additional 7,586 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Stock Down 2.6 %

Shares of NYSE MLR opened at $42.47 on Friday. The company has a market capitalization of $485.81 million, a P/E ratio of 7.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The company has a 50 day simple moving average of $57.03 and a 200-day simple moving average of $63.24. Miller Industries, Inc. has a 1 year low of $41.38 and a 1 year high of $78.25.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.20 per share. This is a boost from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. This represents a $0.80 annualized dividend and a yield of 1.88%. Miller Industries’s dividend payout ratio (DPR) is 14.57%.

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 flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.