Huber Capital Management LLC Reduces Holdings in Miller Industries, Inc. (NYSE:MLR)

Huber Capital Management LLC cut its stake in Miller Industries, Inc. (NYSE:MLR) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,302 shares of the auto parts company’s stock after selling 21,554 shares during the period. Huber Capital Management LLC owned about 0.74% of Miller Industries worth $5,510,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of Miller Industries in the 4th quarter valued at about $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Miller Industries in the 4th quarter valued at $137,000. Sanctuary Advisors LLC acquired a new stake in Miller Industries during the 3rd quarter worth $195,000. Raymond James Financial Inc. acquired a new stake in Miller Industries during the 4th quarter worth $217,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Miller Industries in the fourth quarter valued at $307,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Price Performance

Shares of MLR opened at $43.48 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries, Inc. has a fifty-two week low of $41.38 and a fifty-two week high of $78.25. The firm has a 50-day simple moving average of $55.52 and a 200-day simple moving average of $62.93. The company has a market capitalization of $497.37 million, a price-to-earnings ratio of 7.21 and a beta of 0.96.

Miller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.20 dividend. This is an increase from Miller Industries’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 17th. Miller Industries’s dividend payout ratio (DPR) 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.