Yorktown Management & Research Co Inc Acquires New Stake in Miller Industries, Inc. (NYSE:MLR)

Yorktown Management & Research Co Inc acquired a new position in Miller Industries, Inc. (NYSE:MLR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,700 shares of the auto parts company's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Miller Industries during the fourth quarter valued at $36,000. Redmont Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 282 shares in the last quarter. SG Americas Securities LLC grew its stake in Miller Industries by 5.2% in the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company's stock worth $354,000 after buying an additional 270 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in shares of Miller Industries by 4.2% in the 4th quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company's stock worth $806,000 after buying an additional 492 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Miller Industries by 1.4% during the 4th 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 last quarter. Hedge funds and other institutional investors own 79.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MLR. DA Davidson restated 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 downgraded Miller Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th.

Miller Industries Trading Down 0.5 %

NYSE MLR traded down $0.35 during trading on Friday, hitting $65.17. 71,992 shares of the company's stock traded hands, compared to its average volume of 80,841. Miller Industries, Inc. has a 12-month low of $41.94 and a 12-month 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 stock has a fifty day moving average of $67.97 and a two-hundred day moving average of $65.27. The firm has a market cap of $745.54 million, a P/E ratio of 10.81 and a beta of 0.97.

Miller Industries (NYSE:MLR - Get Free Report) last released 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. The business had revenue of $314.27 million during the quarter. Miller Industries had a return on equity of 18.76% and a net margin of 5.23%. During the same period in the previous year, the company earned $1.52 EPS. As a group, sell-side analysts expect that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.17%. Miller Industries's dividend payout ratio 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.