Miller Industries, Inc. (NYSE:MLR) CEO Sells $254,384.60 in Stock

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Miller Industries, Inc. (NYSE:MLR) CEO Jeffrey I. Badgley sold 7,820 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $32.53, for a total value of $254,384.60. Following the completion of the sale, the chief executive officer now directly owns 2,180 shares of the company’s stock, valued at $70,915.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE:MLR opened at $31.38 on Friday. The firm has a market capitalization of $371.76 million, a price-to-earnings ratio of 9.56 and a beta of 0.99. Miller Industries, Inc. has a 1 year low of $22.80 and a 1 year high of $35.26. The business has a 50 day simple moving average of $31.03 and a 200-day simple moving average of $31.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.05 and a quick ratio of 1.47.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, August 7th. The auto parts company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $222.35 million during the quarter. Miller Industries had a return on equity of 16.81% and a net margin of 4.88%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, September 6th.

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in shares of Miller Industries during the 2nd quarter worth approximately $30,000. BNP Paribas Arbitrage SA lifted its stake 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 last quarter. Value Holdings Management CO. LLC bought a new stake in shares of Miller Industries during the 1st quarter worth approximately $93,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Miller Industries by 383.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,247 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 3,369 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Miller Industries during the 2nd quarter worth approximately $135,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered Miller Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Miller Industries Company Profile

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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