MLLS SC 13G filling today. insider buying more
http://www.smallcapwired.com/tengler-douglas-j-recently-increased-its-miller-industries-inc-position/150882/
Tengler Douglas J Recently increased Its Miller Industries Inc Position
by Linda Rogers — April 13, 2016
Tengler Douglas J Reported increased Interest in Miller Industries Inc
Tengler Douglas J filed with SEC a SC 13G/A form about Miller Industries Inc. The form can be accessed here: 000089710116002181. As reported by Tengler Douglas J, the filler increased its stake in the stock by 23.41% for 316,540 shares. Tengler Douglas J currently owns 6.3% of the stock. This ownership filing was filed because activity on March 18, 2016.
Business Profile
Miller Industries, Inc. is engaged in the manufacture of towing and recovery equipment. The Company manufactures a line of wrecker, car carrier and trailer bodies to meet a full range of customer design, capacity and cost requirements. Wreckers: These are generally used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with up to 75-ton lifting capacities. Wreckers are available with specialized features, including underlifts, L-arms, crossbars and scoops, which lift disabled vehicles by the tires or front axle to minimize front end damage to the towed vehicles. Certain heavy duty wrecker models offer rotating booms, which allow heavy duty wreckers to recover vehicles from any angle and remote control devices for operating wreckers.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.