Capital Square LLC Acquires Shares of 3,000 Miller Industries, Inc. (NYSE:MLR)

Capital Square LLC bought a new position in shares of Miller Industries, Inc. (NYSE:MLR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the auto parts company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Royce & Associates LP raised its holdings in shares of Miller Industries by 29.8% in the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock worth $42,132,000 after acquiring an additional 148,079 shares during the last quarter. Portolan Capital Management LLC bought a new stake in Miller Industries during the 4th quarter worth approximately $9,366,000. Norges Bank purchased a new stake in shares of Miller Industries in the fourth quarter worth approximately $1,850,000. Allspring Global Investments Holdings LLC lifted 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Miller Industries by 58.6% during the fourth quarter. JPMorgan Chase & Co. now owns 58,606 shares of the auto parts company’s stock valued at $3,830,000 after buying an additional 21,643 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

Miller Industries Price Performance

Shares of NYSE:MLR opened at $40.22 on Friday. Miller Industries, Inc. has a 1-year low of $37.40 and a 1-year high of $78.25. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $460.02 million, a PE ratio of 6.67 and a beta of 1.14. The stock’s fifty day simple moving average is $48.71 and its two-hundred day simple moving average is $61.11.

Miller Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.99%. Miller Industries’s payout ratio is 14.57%.

Miller Industries 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.