Huber Capital Management LLC Has $6.99 Million Holdings in Miller Industries, Inc. (NYSE:MLR)

Huber Capital Management LLC trimmed its holdings in Miller Industries, Inc. (NYSE:MLR) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,030 shares of the auto parts company’s stock after selling 4,500 shares during the period. Miller Industries accounts for 1.6% of Huber Capital Management LLC’s holdings, making the stock its 18th largest position. Huber Capital Management LLC’s holdings in Miller Industries were worth $6,989,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MLR. Jump Financial LLC bought a new stake in Miller Industries during the fourth quarter worth about $292,000. Trexquant Investment LP acquired a new position in Miller Industries during the fourth quarter valued at approximately $325,000. Voisard Asset Management Group Inc. bought a new stake in Miller Industries during the fourth quarter worth $107,000. Virtu Financial LLC acquired a new stake in shares of Miller Industries in the 4th quarter valued at $233,000. Finally, Quadrature Capital Ltd increased its stake in shares of Miller Industries by 90.4% in the 4th quarter. Quadrature Capital Ltd now owns 19,669 shares of the auto parts company’s stock valued at $829,000 after purchasing an additional 9,340 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Miller Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th.

Miller Industries Stock Performance

MLR opened at $61.50 on Friday. The company has a market cap of $705.41 million, a P/E ratio of 10.73 and a beta of 0.96. The company has a current ratio of 2.08, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $61.04 and its 200-day moving average is $56.21. Miller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $69.75.

Miller Industries (NYSE:MLR) last issued its earnings results on Wednesday, August 7th. The auto parts company reported $1.78 earnings per share for the quarter. The firm had revenue of $371.45 million for the quarter. Miller Industries had a net margin of 5.55% and a return on equity of 20.16%.

Miller Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. Miller Industries’s payout ratio is presently 13.26%.

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.