Miller Industries, Inc. (NYSE:MLR) Holdings Decreased by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC reduced its position in shares of Miller Industries, Inc. (NYSE:MLR) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 81,797 shares of the auto parts company’s stock after selling 16,056 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Miller Industries were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Miller Industries by 58.6% during the 4th 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. KLP Kapitalforvaltning AS acquired a new stake in shares of Miller Industries during the 4th quarter worth approximately $137,000. American Century Companies Inc. lifted its holdings in shares of Miller Industries by 6.7% in the 4th quarter. American Century Companies Inc. now owns 25,039 shares of the auto parts company’s stock worth $1,637,000 after purchasing an additional 1,576 shares during the last quarter. Royce & Associates LP boosted its position in Miller Industries by 29.8% during the 4th quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock valued at $42,132,000 after purchasing an additional 148,079 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Miller Industries during the 4th quarter worth $217,000. 79.24% of the stock is currently owned by institutional investors.

Miller Industries Price Performance

Shares of NYSE MLR opened at $44.71 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The firm has a market capitalization of $511.39 million, a PE ratio of 7.41 and a beta of 0.96. Miller Industries, Inc. has a 1-year low of $41.38 and a 1-year high of $78.25. The business’s fifty day moving average price is $58.03 and its two-hundred day moving average price is $63.44.

Miller Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given a $0.20 dividend. The ex-dividend date was Monday, March 17th. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.79%. Miller Industries’s dividend payout ratio (DPR) is currently 14.57%.

About Miller Industries

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.