EAM Global Investors LLC Takes Position in Miller Industries, Inc. (NYSE:MLR)

EAM Global Investors LLC acquired a new stake in Miller Industries, Inc. (NYSE:MLR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,087 shares of the auto parts company’s stock, valued at approximately $1,175,000. EAM Global Investors LLC owned 0.33% of Miller Industries as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MLR. Vanguard Group Inc. grew its position in Miller Industries by 2.7% in the third quarter. Vanguard Group Inc. now owns 498,004 shares of the auto parts company’s stock worth $13,396,000 after acquiring an additional 13,282 shares in the last quarter. Vanguard Group Inc grew its position in Miller Industries by 2.7% in the third quarter. Vanguard Group Inc now owns 498,004 shares of the auto parts company’s stock worth $13,396,000 after acquiring an additional 13,282 shares in the last quarter. Rhumbline Advisers grew its position in Miller Industries by 44.9% in the fourth quarter. Rhumbline Advisers now owns 15,663 shares of the auto parts company’s stock worth $423,000 after acquiring an additional 4,855 shares in the last quarter. LSV Asset Management grew its position in Miller Industries by 0.7% in the fourth quarter. LSV Asset Management now owns 301,698 shares of the auto parts company’s stock worth $8,145,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Miller Industries by 3.3% in the fourth quarter. Cerity Partners LLC now owns 13,660 shares of the auto parts company’s stock worth $369,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 83.86% of the company’s stock.

NYSE:MLR traded down $0.18 during midday trading on Wednesday, hitting $30.01. The company had a trading volume of 25,000 shares, compared to its average volume of 37,878. Miller Industries, Inc. has a 52-week low of $22.80 and a 52-week high of $35.26. The stock has a fifty day simple moving average of $29.28. The firm has a market cap of $344.17 million, a P/E ratio of 9.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.27 and a quick ratio of 1.55.

Miller Industries (NYSE:MLR) last posted its quarterly earnings results on Wednesday, May 8th. The auto parts company reported $0.76 earnings per share (EPS) for the quarter. Miller Industries had a net margin of 4.77% and a return on equity of 15.98%. The business had revenue of $197.21 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.18 per share. The ex-dividend date was Friday, June 7th. This represents a $0.72 annualized dividend and a yield of 2.40%.

In other Miller Industries news, Director Richard H. Roberts sold 1,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $33.64, for a total transaction of $50,460.00. Following the completion of the sale, the director now directly owns 33,732 shares in the company, valued at $1,134,744.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director A Russell Chandler III sold 13,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $31.20, for a total transaction of $405,600.00. Following the transaction, the director now directly owns 66,833 shares of the company’s stock, valued at $2,085,189.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,500 shares of company stock valued at $701,420. Company insiders own 3.90% of the company’s stock.

Miller Industries Profile

Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It 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 that 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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