GSA Capital Partners LLP Sells 1,959 Shares of Miller Industries, Inc. (NYSE:MLR)

GSA Capital Partners LLP trimmed its stake in Miller Industries, Inc. (NYSE:MLR) by 9.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,338 shares of the auto parts company’s stock after selling 1,959 shares during the period. GSA Capital Partners LLP’s holdings in Miller Industries were worth $1,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in Miller Industries by 1.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 154,484 shares of the auto parts company’s stock worth $8,500,000 after buying an additional 1,722 shares during the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of Miller Industries by 7.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 136,902 shares of the auto parts company’s stock worth $7,426,000 after acquiring an additional 9,384 shares during the last quarter. Narwhal Capital Management boosted its stake in shares of Miller Industries by 31.2% during the 3rd quarter. Narwhal Capital Management now owns 113,568 shares of the auto parts company’s stock worth $6,928,000 after purchasing an additional 26,983 shares during the period. Bank of New York Mellon Corp grew its holdings in Miller Industries by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 100,538 shares of the auto parts company’s stock valued at $5,532,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Millennium Management LLC raised its position in Miller Industries by 94.1% in the 2nd quarter. Millennium Management LLC now owns 63,360 shares of the auto parts company’s stock worth $3,486,000 after purchasing an additional 30,714 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Miller Industries Trading Down 1.8 %

Shares of MLR opened at $67.39 on Friday. The firm has a market capitalization of $771.62 million, a price-to-earnings ratio of 11.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.44. Miller Industries, Inc. has a 1-year low of $38.33 and a 1-year high of $78.25. The company has a 50-day moving average of $63.64 and a 200 day moving average of $60.45.

Miller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.76 annualized dividend and a yield of 1.13%. Miller Industries’s dividend payout ratio (DPR) is currently 12.60%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. DA Davidson initiated coverage on Miller Industries in a research report on Wednesday, October 2nd. They set a “buy” rating and a $82.00 target price for the company. StockNews.com downgraded Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.