Kennedy Capital Management LLC Acquires 853 Shares of Miller Industries, Inc. (NYSE:MLR)

Kennedy Capital Management LLC grew its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,707 shares of the auto parts company’s stock after purchasing an additional 853 shares during the period. Kennedy Capital Management LLC owned approximately 0.32% of Miller Industries worth $1,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Miller Industries by 1.3% in the third quarter. Vanguard Group Inc. now owns 546,369 shares of the auto parts company’s stock worth $21,423,000 after purchasing an additional 6,937 shares during the period. SG Americas Securities LLC increased its holdings in Miller Industries by 21.9% during the fourth quarter. SG Americas Securities LLC now owns 5,846 shares of the auto parts company’s stock valued at $247,000 after buying an additional 1,050 shares during the last quarter. Blue Trust Inc. bought a new position in Miller Industries in the 4th quarter worth $86,000. Redmont Wealth Advisors LLC grew its holdings in Miller Industries by 6.4% during the fourth quarter. Redmont Wealth Advisors LLC now owns 17,209 shares of the auto parts company’s stock valued at $728,000 after purchasing an additional 1,033 shares during the period. Finally, Watershed Asset Management L.L.C. bought a new position in shares of Miller Industries during the 4th quarter valued at approximately $297,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Price Performance

NYSE MLR traded up $0.02 on Wednesday, reaching $68.08. The company had a trading volume of 11,248 shares, compared to its average volume of 69,181. The stock has a market capitalization of $780.88 million, a PE ratio of 11.90 and a beta of 0.97. The firm’s 50 day moving average price is $58.77 and its 200 day moving average price is $51.60. The company has a quick ratio of 1.36, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. Miller Industries, Inc. has a 12 month low of $34.96 and a 12 month high of $69.30.

Miller Industries (NYSE:MLR) last posted its earnings results on Wednesday, May 8th. The auto parts company reported $1.47 EPS for the quarter. Miller Industries had a return on equity of 19.46% and a net margin of 5.41%. The firm had revenue of $349.87 million during the quarter.

Miller Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, June 3rd. Miller Industries’s dividend payout ratio is currently 13.26%.

Analyst Ratings Changes

Separately, StockNews.com cut Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.

Miller Industries Company Profile

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.