Virtu Financial LLC Takes $233,000 Position in Miller Industries, Inc. (NYSE:MLR)

Virtu Financial LLC acquired a new position in shares of Miller Industries, Inc. (NYSE:MLRFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,502 shares of the auto parts company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ellsworth Advisors LLC grew its holdings in Miller Industries by 3.3% during the fourth quarter. Ellsworth Advisors LLC now owns 10,205 shares of the auto parts company’s stock worth $432,000 after acquiring an additional 327 shares during the period. Hillsdale Investment Management Inc. grew its holdings in Miller Industries by 11.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,800 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 400 shares during the period. North Star Investment Management Corp. grew its holdings in Miller Industries by 1.0% during the fourth quarter. North Star Investment Management Corp. now owns 51,275 shares of the auto parts company’s stock worth $2,168,000 after acquiring an additional 500 shares during the period. Tower Research Capital LLC TRC grew its holdings in Miller Industries by 52.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock worth $79,000 after acquiring an additional 639 shares during the period. Finally, Redmont Wealth Advisors LLC grew its holdings in Miller Industries by 6.4% during the fourth quarter. Redmont Wealth Advisors LLC now owns 17,209 shares of the auto parts company’s stock worth $728,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Trading Down 3.3 %

Shares of MLR stock opened at $56.00 on Friday. The business’s fifty day moving average price is $55.67 and its 200 day moving average price is $48.11. Miller Industries, Inc. has a 1-year low of $33.83 and a 1-year high of $61.87. The firm has a market capitalization of $642.32 million, a PE ratio of 9.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.36.

Miller Industries (NYSE:MLRGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share for the quarter. Miller Industries had a return on equity of 19.46% and a net margin of 5.41%. The firm had revenue of $349.87 million for the quarter.

Miller Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $0.19 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.36%. Miller Industries’s payout ratio is 13.26%.

About Miller Industries

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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