Miller Industries, Inc. (NYSE:MLR) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,334 shares of the auto parts company’s stock after buying an additional 492 shares during the period. Ellsworth Advisors LLC’s holdings in Miller Industries were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MLR. Point72 DIFC Ltd boosted its stake in shares of Miller Industries by 146.9% during the 2nd quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company’s stock valued at $55,000 after buying an additional 595 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Miller Industries during the 3rd quarter valued at $195,000. Lakewood Asset Management LLC acquired a new position in Miller Industries during the 3rd quarter worth $250,000. SG Americas Securities LLC increased its position in shares of Miller Industries by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,153 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Miller Industries by 3.5% in the 3rd quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock worth $352,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MLR. DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of Miller Industries in a research report on Friday, November 15th. StockNews.com lowered Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Miller Industries Stock Down 0.4 %

Shares of NYSE:MLR opened at $67.86 on Monday. The company’s fifty day moving average is $69.26 and its two-hundred day moving average is $64.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries, Inc. has a 1-year low of $38.33 and a 1-year high of $78.25. The stock has a market capitalization of $776.25 million, a price-to-earnings ratio of 11.25 and a beta of 0.98.

Miller Industries (NYSE:MLR) last released its quarterly earnings data on Tuesday, November 12th. The auto parts company reported $1.33 earnings per share for the quarter, hitting the consensus estimate of $1.33. Miller Industries had a net margin of 5.23% and a return on equity of 18.76%. The firm had revenue of $314.27 million for the quarter. During the same quarter last year, the company earned $1.52 EPS. Equities analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, December 2nd. Miller Industries’s dividend payout ratio (DPR) is 12.60%.

Miller Industries Company Profile

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.