Perritt Capital Management Inc Sells 10,000 Shares of Miller Industries, Inc. (NYSE:MLR)

Perritt Capital Management Inc decreased its holdings in Miller Industries, Inc. (NYSE:MLR) by 24.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,606 shares of the auto parts company’s stock after selling 10,000 shares during the period. Miller Industries accounts for approximately 1.0% of Perritt Capital Management Inc’s investment portfolio, making the stock its 19th biggest holding. Perritt Capital Management Inc’s holdings in Miller Industries were worth $2,000,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Barclays PLC raised its stake in Miller Industries by 115.6% during the third quarter. Barclays PLC now owns 28,131 shares of the auto parts company’s stock worth $1,717,000 after buying an additional 15,082 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Miller Industries by 15.9% during 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 acquiring an additional 24,427 shares during the period. Principal Financial Group Inc. acquired a new stake in Miller Industries during the 3rd quarter worth about $496,000. Sanctuary Advisors LLC bought a new position in shares of Miller Industries in the 3rd quarter worth about $195,000. Finally, Systematic Financial Management LP lifted its stake in shares of Miller Industries by 2.0% in the 3rd quarter. Systematic Financial Management LP now owns 395,159 shares of the auto parts company’s stock valued at $24,105,000 after purchasing an additional 7,586 shares during the period. 79.24% of the stock is owned by institutional investors.

Miller Industries Stock Up 1.5 %

Shares of Miller Industries stock opened at $43.02 on Wednesday. The firm has a market cap of $492.06 million, a price-to-earnings ratio of 7.13 and a beta of 0.96. The stock’s 50-day moving average is $56.02 and its 200 day moving average is $63.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. Miller Industries, Inc. has a one year low of $41.38 and a one year high of $78.25.

Miller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a dividend of $0.20 per share. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 17th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. Miller Industries’s dividend payout ratio (DPR) is 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.