Miller Industries, Inc. (MLR) Director Sells $50,460.00 in Stock
Miller Industries, Inc. (NYSE:MLR) Director Richard H. Roberts sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $33.64, for a total value of $50,460.00. Following the completion of the sale, the director now owns 33,732 shares of the company’s stock, valued at $1,134,744.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:MLR traded up $0.09 during midday trading on Thursday, reaching $31.92. The company’s stock had a trading volume of 1,557 shares, compared to its average volume of 36,803. Miller Industries, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $35.26. The firm has a market cap of $363.89 million, a PE ratio of 10.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.55 and a current ratio of 2.27.
Miller Industries (NYSE:MLR) last announced its earnings results on Wednesday, May 8th. The auto parts company reported $0.76 earnings per share for the quarter. Miller Industries had a return on equity of 15.98% and a net margin of 4.77%. The company had revenue of $197.21 million during the quarter.
Large investors have recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in shares of Miller Industries in the first quarter valued at $71,000. BNP Paribas Arbitrage SA increased its stake in shares of Miller Industries by 688.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,311 shares of the auto parts company’s stock valued at $71,000 after buying an additional 2,018 shares in the last quarter. Value Holdings Management CO. LLC acquired a new stake in Miller Industries in the first quarter worth about $93,000. Metropolitan Life Insurance Co. NY increased its position in Miller Industries by 383.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,247 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 3,369 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Miller Industries by 6.3% in the fourth quarter. Meeder Asset Management Inc. now owns 6,548 shares of the auto parts company’s stock worth $176,000 after purchasing an additional 390 shares during the period. Institutional investors own 82.64% of the company’s stock.
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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