Miller Industries, Inc. (NYSE:MLR) CEO Jeffrey I. Badgley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.53, for a total transaction of $325,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,180 shares of the company’s stock, valued at approximately $70,915.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of MLR stock opened at $31.38 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 1.47. The firm has a market cap of $370.39 million, a PE ratio of 9.53 and a beta of 0.99. The company has a 50-day moving average of $31.03 and a two-hundred day moving average of $31.27. Miller Industries, Inc. has a 1-year low of $22.80 and a 1-year high of $35.26.
Miller Industries (NYSE:MLR) last announced its earnings results on Wednesday, August 7th. The auto parts company reported $0.94 earnings per share for the quarter. The company had revenue of $222.35 million during the quarter. Miller Industries had a net margin of 4.88% and a return on equity of 16.81%.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, September 6th.
Separately, ValuEngine lowered shares of Miller Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
A number of hedge funds have recently made changes to their positions in MLR. GW&K Investment Management LLC purchased a new position in Miller Industries during the second quarter worth about $6,158,000. Wells Fargo & Company MN boosted its stake in Miller Industries by 24.1% during the second quarter. Wells Fargo & Company MN now owns 282,179 shares of the auto parts company’s stock worth $8,677,000 after buying an additional 54,880 shares during the period. Bowling Portfolio Management LLC purchased a new position in Miller Industries during the second quarter worth about $1,398,000. EAM Global Investors LLC purchased a new position in Miller Industries during the first quarter worth about $1,175,000. Finally, BlackRock Inc. boosted its stake in Miller Industries by 3.7% during the second quarter. BlackRock Inc. now owns 1,047,926 shares of the auto parts company’s stock worth $32,223,000 after buying an additional 36,906 shares during the period. 86.81% of the stock is owned by institutional investors.
About Miller Industries
Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It 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 that are used to transport new or disabled vehicles and other equipment.
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