4,700 Shares in Miller Industries, Inc. (NYSE:MLR) Bought by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc purchased a new position in shares of Miller Industries, Inc. (NYSE:MLR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,700 shares of the auto parts company’s stock, valued at approximately $307,000.

A number of other hedge funds have also bought and sold shares of the business. R Squared Ltd bought a new stake in Miller Industries during the fourth quarter worth $36,000. Redmont Wealth Advisors LLC lifted its holdings in Miller Industries by 2.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company’s stock worth $810,000 after acquiring an additional 282 shares during the period. SG Americas Securities LLC lifted its holdings in Miller Industries by 5.2% during the fourth quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company’s stock worth $354,000 after acquiring an additional 270 shares during the period. Ellsworth Advisors LLC lifted its holdings in Miller Industries by 4.2% during the fourth quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company’s stock worth $806,000 after acquiring an additional 492 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Miller Industries by 1.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,775 shares of the auto parts company’s stock worth $1,423,000 after acquiring an additional 295 shares during the period. 79.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com lowered Miller Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. 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.

Miller Industries Stock Up 2.1 %

Shares of NYSE MLR opened at $65.49 on Wednesday. Miller Industries, Inc. has a one year low of $39.92 and a one year high of $78.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.12 and a quick ratio of 1.46. The business’s fifty day moving average price is $68.52 and its 200-day moving average price is $65.27. The stock has a market capitalization of $749.17 million, a PE ratio of 10.86 and a beta of 0.98.

Miller Industries (NYSE:MLR) last issued its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $1.33 EPS for the quarter, meeting analysts’ consensus estimates of $1.33. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. The firm had revenue of $314.27 million for the quarter. During the same period in the prior year, the company earned $1.52 EPS. On average, equities research analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. Miller Industries’s dividend payout ratio (DPR) is 12.60%.

Miller Industries 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.