Ellsworth Advisors LLC Increases Position in Miller Industries, Inc. (NYSE:MLR)

Ellsworth Advisors LLC raised its position in shares of Miller Industries, Inc. (NYSE:MLR) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,205 shares of the auto parts company’s stock after purchasing an additional 327 shares during the quarter. Ellsworth Advisors LLC’s holdings in Miller Industries were worth $432,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in Miller Industries by 107.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,444 shares of the auto parts company’s stock worth $38,000 after buying an additional 749 shares during the period. UBS Group AG grew its holdings in Miller Industries by 63.1% during the third quarter. UBS Group AG now owns 2,076 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 803 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Miller Industries by 69.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,338 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 547 shares during the period. BNP Paribas Arbitrage SNC lifted its stake in shares of Miller Industries by 83.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,488 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 2,496 shares during the period. Finally, Citigroup Inc. increased its holdings in Miller Industries by 332,000.0% in the second quarter. Citigroup Inc. now owns 3,321 shares of the auto parts company’s stock valued at $118,000 after buying an additional 3,320 shares in the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Miller Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th.

Miller Industries Price Performance

Shares of NYSE MLR traded down $0.13 during trading on Thursday, hitting $50.02. The company had a trading volume of 87,995 shares, compared to its average volume of 55,241. The firm has a market capitalization of $572.73 million, a price-to-earnings ratio of 9.87 and a beta of 1.03. Miller Industries, Inc. has a fifty-two week low of $32.13 and a fifty-two week high of $51.37. The stock has a fifty day simple moving average of $44.45 and a two-hundred day simple moving average of $41.20. The company has a quick ratio of 1.37, a current ratio of 2.17 and a debt-to-equity ratio of 0.17.

Miller Industries (NYSE:MLR) last issued its quarterly earnings results on Wednesday, March 6th. The auto parts company reported $1.45 EPS for the quarter. The firm had revenue of $296.25 million during the quarter. Miller Industries had a return on equity of 17.97% and a net margin of 5.05%.

Miller Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 18th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, March 15th. This is a boost from Miller Industries’s previous quarterly dividend of $0.18. Miller Industries’s dividend payout ratio is currently 14.99%.

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.