Miller Industries, Inc. (MLR) Shares Bought by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. grew its stake in Miller Industries, Inc. (NYSE:MLR) by 85.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,900 shares of the auto parts company’s stock after purchasing an additional 11,500 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.22% of Miller Industries worth $695,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MLR. FMR LLC acquired a new stake in shares of Miller Industries during the 2nd quarter valued at about $1,978,000. Nationwide Fund Advisors boosted its position in shares of Miller Industries by 245.5% during the 3rd quarter. Nationwide Fund Advisors now owns 34,588 shares of the auto parts company’s stock valued at $967,000 after acquiring an additional 24,576 shares in the last quarter. Strs Ohio boosted its position in shares of Miller Industries by 269.6% during the 3rd quarter. Strs Ohio now owns 25,500 shares of the auto parts company’s stock valued at $712,000 after acquiring an additional 18,600 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Miller Industries during the 3rd quarter valued at about $515,000. Finally, State Street Corp boosted its position in shares of Miller Industries by 6.7% during the 2nd quarter. State Street Corp now owns 273,543 shares of the auto parts company’s stock valued at $6,791,000 after acquiring an additional 17,218 shares in the last quarter. Institutional investors own 84.25% of the company’s stock.
In related news, Director A Russell Chandler III sold 1,000 shares of Miller Industries stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $25.15, for a total transaction of $25,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.09% of the company’s stock.
Miller Industries (NYSE:MLR) last announced its quarterly earnings results on Wednesday, November 8th. The auto parts company reported $0.39 earnings per share (EPS) for the quarter. Miller Industries had a net margin of 3.01% and a return on equity of 9.58%. The firm had revenue of $153.36 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, December 4th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.83%. The ex-dividend date was Friday, December 1st. Miller Industries’s dividend payout ratio is currently 45.28%.
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About Miller Industries
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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