Miller Industries, Inc. (NYSE:MLR) Director Sells $193,800.00 in Stock

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Miller Industries, Inc. (NYSE:MLR) Director Theodore H. Ashford III sold 6,000 shares of Miller Industries stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $32.30, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 13,903 shares of the company’s stock, valued at $449,066.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

MLR opened at $31.38 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $31.03 and a 200-day moving average price of $31.27. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $35.26. The stock has a market capitalization of $371.76 million, a price-to-earnings ratio of 9.56 and a beta of 0.99.

Miller Industries (NYSE:MLR) last announced its earnings results on Wednesday, August 7th. The auto parts company reported $0.94 earnings per share (EPS) 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued 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.

Several large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of Miller Industries in the 2nd quarter valued at approximately $30,000. BNP Paribas Arbitrage SA raised its holdings in shares of Miller Industries by 688.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,311 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 2,018 shares during the period. Value Holdings Management CO. LLC purchased a new position in shares of Miller Industries during the 1st quarter worth $93,000. Metropolitan Life Insurance Co. NY raised its holdings in Miller Industries by 383.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,247 shares of the auto parts company’s stock valued at $115,000 after buying an additional 3,369 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Miller Industries during the second quarter worth about $135,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Separately, ValuEngine cut shares of Miller Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

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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