Perritt Capital Management Inc. reduced its position in shares of Miller Industries, Inc. (NYSE:MLR) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,271 shares of the auto parts company’s stock after selling 9,940 shares during the period. Miller Industries accounts for approximately 1.2% of Perritt Capital Management Inc.’s holdings, making the stock its 17th biggest position. Perritt Capital Management Inc.’s holdings in Miller Industries were worth $4,290,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its holdings 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 worth $967,000 after acquiring an additional 24,576 shares during the period. Rothschild Investment Corp IL increased its position in Miller Industries by 11.8% in the 3rd quarter. Rothschild Investment Corp IL now owns 81,515 shares of the auto parts company’s stock valued at $2,278,000 after acquiring an additional 8,600 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Miller Industries in the 3rd quarter valued at about $515,000. Valeo Financial Advisors LLC acquired a new stake in Miller Industries in the 3rd quarter valued at about $307,000. Finally, Algert Global LLC grew its position in shares of Miller Industries by 689.3% during the 3rd quarter. Algert Global LLC now owns 92,273 shares of the auto parts company’s stock worth $2,579,000 after buying an additional 80,582 shares during the period. 84.54% of the stock is owned by institutional investors and hedge funds.
Miller Industries, Inc. (NYSE:MLR) traded down $0.05 during trading on Thursday, reaching $24.95. 37,200 shares of the company traded hands, compared to its average volume of 20,800. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $29.00. The company has a market cap of $284.46, a price-to-earnings ratio of 15.69 and a beta of 0.56. The company has a quick ratio of 1.64, a current ratio of 2.25 and a debt-to-equity ratio of 0.10.
In other news, Director A Russell Chandler III sold 1,000 shares of Miller Industries stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $25.15, for a total value of $25,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.09% of the stock is owned by company insiders.
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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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