Goldman Sachs Group Inc. increased its position in shares of Miller Industries, Inc. (NYSE:MLR) by 110.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,538 shares of the auto parts company’s stock after acquiring an additional 30,680 shares during the period. Goldman Sachs Group Inc. owned about 0.51% of Miller Industries worth $1,510,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MLR. LSV Asset Management lifted its stake in Miller Industries by 163.7% during the 4th quarter. LSV Asset Management now owns 159,667 shares of the auto parts company’s stock worth $4,119,000 after acquiring an additional 99,121 shares in the last quarter. Algert Global LLC lifted its stake in Miller Industries by 58.9% during the 4th quarter. Algert Global LLC now owns 146,649 shares of the auto parts company’s stock worth $3,784,000 after acquiring an additional 54,376 shares in the last quarter. Martingale Asset Management L P lifted its stake in Miller Industries by 89.0% during the 4th quarter. Martingale Asset Management L P now owns 87,926 shares of the auto parts company’s stock worth $2,269,000 after acquiring an additional 41,411 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted its stake in Miller Industries by 8.0% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 402,946 shares of the auto parts company’s stock worth $10,396,000 after acquiring an additional 29,760 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Miller Industries by 245.5% during the 3rd quarter. Nationwide Fund Advisors now owns 34,588 shares of the auto parts company’s stock worth $967,000 after acquiring an additional 24,576 shares in the last quarter. 84.28% of the stock is currently owned by hedge funds and other institutional investors.
MLR stock opened at $26.50 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $298.68, a price-to-earnings ratio of 12.99 and a beta of 0.59. Miller Industries, Inc. has a 1 year low of $23.65 and a 1 year high of $29.00.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Friday, March 16th.
Separately, ValuEngine lowered Miller Industries from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.
Miller Industries Profile
Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles 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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