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

Segall Bryant & Hamill LLC cut its position in shares of Miller Industries, Inc. (NYSE:MLR) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 60,172 shares of the auto parts company’s stock after selling 6,500 shares during the period. Segall Bryant & Hamill LLC’s holdings in Miller Industries were worth $3,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in shares of Miller Industries by 29.8% during the fourth 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 in the last quarter. FMR LLC grew its stake in shares of Miller Industries by 10.2% in the 3rd quarter. FMR LLC now owns 766,623 shares of the auto parts company’s stock worth $46,764,000 after buying an additional 71,231 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Miller Industries by 193.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 92,955 shares of the auto parts company’s stock worth $5,670,000 after buying an additional 61,247 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Miller Industries by 11.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 367,793 shares of the auto parts company’s stock valued at $22,435,000 after buying an additional 37,480 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Miller Industries by 188.9% during the third quarter. The Manufacturers Life Insurance Company now owns 37,391 shares of the auto parts company’s stock valued at $2,281,000 after buying an additional 24,449 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Down 2.2 %

Miller Industries stock opened at $43.70 on Friday. Miller Industries, Inc. has a 12 month low of $41.38 and a 12 month high of $78.25. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $57.54 and its two-hundred day simple moving average is $63.30. The company has a market capitalization of $499.86 million, a price-to-earnings ratio of 7.25 and a beta of 0.96.

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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.83%. This is an increase 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 is 14.57%.

Miller Industries Company 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.