Ellsworth Advisors LLC Has $432,000 Stake in Miller Industries, Inc. (NYSE:MLR)

Ellsworth Advisors LLC lifted its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,205 shares of the auto parts company’s stock after acquiring an additional 327 shares during the period. Ellsworth Advisors LLC owned 0.09% of Miller Industries worth $432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in shares of Miller Industries by 7.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,035,451 shares of the auto parts company’s stock valued at $36,728,000 after purchasing an additional 69,289 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Miller Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 905,095 shares of the auto parts company’s stock worth $31,995,000 after acquiring an additional 10,014 shares in the last quarter. BlackRock Inc. grew its stake in Miller Industries by 2.0% in the second quarter. BlackRock Inc. now owns 753,752 shares of the auto parts company’s stock valued at $26,736,000 after acquiring an additional 14,527 shares during the period. Vanguard Group Inc. increased its holdings in shares of Miller Industries by 1.3% during the third quarter. Vanguard Group Inc. now owns 546,369 shares of the auto parts company’s stock valued at $21,423,000 after acquiring an additional 6,937 shares in the last quarter. Finally, FMR LLC raised its position in shares of Miller Industries by 1.2% during the third quarter. FMR LLC now owns 420,398 shares of the auto parts company’s stock worth $16,484,000 after purchasing an additional 4,825 shares during the period. 79.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th.

Miller Industries Stock Down 0.3 %

MLR stock traded down $0.13 during mid-day trading on Thursday, reaching $50.02. 87,995 shares of the company traded hands, compared to its average volume of 55,241. The stock has a market cap 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 firm’s 50 day moving average price is $44.45 and its 200 day moving average price is $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 announced its quarterly earnings results on Wednesday, March 6th. The auto parts company reported $1.45 earnings per share (EPS) for the quarter. The business 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 declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 18th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from Miller Industries’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, March 15th. Miller Industries’s dividend payout ratio (DPR) is presently 14.99%.

About Miller Industries

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.