Segall Bryant & Hamill LLC Sells 6,500 Shares of Miller Industries, Inc. (NYSE:MLR)

Segall Bryant & Hamill LLC reduced its position in shares of Miller Industries, Inc. (NYSE:MLR) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,172 shares of the auto parts company’s stock after selling 6,500 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.53% of Miller Industries worth $3,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Miller Industries by 115.6% during the third quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock valued at $1,717,000 after acquiring an additional 15,082 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Miller Industries by 15.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock worth $11,652,000 after buying an additional 24,427 shares during the period. Principal Financial Group Inc. purchased a new stake in Miller Industries in the 3rd quarter worth approximately $496,000. Sanctuary Advisors LLC purchased a new position in shares of Miller Industries during the third quarter valued at approximately $195,000. Finally, Systematic Financial Management LP increased its stake in shares of Miller Industries by 2.0% during the third quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company’s stock valued at $24,105,000 after buying an additional 7,586 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR stock opened at $43.70 on Friday. The firm has a market capitalization of $499.86 million, a price-to-earnings ratio of 7.25 and a beta of 0.96. The stock has a fifty day moving average of $57.54 and a 200 day moving average of $63.30. Miller Industries, Inc. has a 52 week low of $41.38 and a 52 week high of $78.25. The company has a quick ratio of 1.46, a current ratio of 2.12 and a debt-to-equity ratio of 0.16.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. This is a boost from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 17th. Miller Industries’s dividend payout ratio (DPR) is currently 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.