Harvest Investment Services LLC Has $1.55 Million Position in Miller Industries, Inc. (NYSE:MLR)

Harvest Investment Services LLC boosted its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 30.3% during the fourth quarter, HoldingsChannel reports. The fund owned 23,747 shares of the auto parts company’s stock after purchasing an additional 5,520 shares during the quarter. Harvest Investment Services LLC’s holdings in Miller Industries were worth $1,552,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in Miller Industries by 29.8% in the fourth quarter. Royce & Associates LP now owns 644,607 shares of the auto parts company’s stock valued at $42,132,000 after acquiring an additional 148,079 shares during the last quarter. Portolan Capital Management LLC bought a new stake in Miller Industries in the fourth quarter worth approximately $9,366,000. Norges Bank acquired a new stake in shares of Miller Industries during the 4th quarter worth approximately $1,850,000. Allspring Global Investments Holdings LLC increased its stake in shares of Miller Industries by 15.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,271 shares of the auto parts company’s stock valued at $11,652,000 after acquiring an additional 24,427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Miller Industries by 58.6% in the fourth quarter. JPMorgan Chase & Co. now owns 58,606 shares of the auto parts company’s stock valued at $3,830,000 after purchasing an additional 21,643 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR opened at $39.73 on Tuesday. The company has a market cap of $455.27 million, a PE ratio of 6.59 and a beta of 1.14. Miller Industries, Inc. has a one year low of $37.40 and a one year high of $78.25. The stock has a 50-day moving average of $47.71 and a 200-day moving average of $60.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46.

Miller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, March 17th. This is a positive change from Miller Industries’s previous quarterly dividend of $0.19. Miller Industries’s dividend payout ratio is currently 14.57%.

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.