Miller Industries, Inc. (NYSE:MLR) CEO Jeffrey I. Badgley sold 7,820 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $32.53, for a total value of $254,384.60. Following the sale, the chief executive officer now owns 2,180 shares in the company, valued at $70,915.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of MLR stock traded up $0.12 on Tuesday, reaching $32.61. The stock had a trading volume of 33,914 shares, compared to its average volume of 38,678. The firm has a market cap of $367.20 million, a PE ratio of 9.45 and a beta of 0.99. Miller Industries, Inc. has a 1 year low of $22.80 and a 1 year high of $35.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.05. The stock’s 50 day simple moving average is $30.93.

Miller Industries (NYSE:MLR) last released its quarterly earnings results on Wednesday, August 7th. The auto parts company reported $0.94 earnings per share (EPS) for the quarter. The firm had revenue of $222.35 million for the quarter. Miller Industries had a return on equity of 16.81% and a net margin of 4.88%.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.21%.

Separately, ValuEngine downgraded Miller Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Several hedge funds have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. boosted its stake in shares of Miller Industries by 2.6% in the 1st quarter. Alambic Investment Management L.P. now owns 16,870 shares of the auto parts company’s stock worth $520,000 after buying an additional 429 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Miller Industries by 1.4% in the 2nd quarter. Systematic Financial Management LP now owns 32,370 shares of the auto parts company’s stock worth $995,000 after buying an additional 435 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Miller Industries by 4.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,257 shares of the auto parts company’s stock worth $619,000 after buying an additional 791 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Miller Industries by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 145,553 shares of the auto parts company’s stock worth $4,476,000 after buying an additional 795 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Miller Industries in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

About Miller Industries

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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