Bard Associates Inc. held its stake in shares of Miller Industries, Inc. (NYSE:MLR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,360 shares of the auto parts company’s stock at the close of the 2nd quarter. Bard Associates Inc. owned 0.21% of Miller Industries worth $580,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MLR. Martingale Asset Management L P bought a new stake in Miller Industries in the second quarter worth $401,000. Systematic Financial Management LP increased its position in Miller Industries by 160.8% in the second quarter. Systematic Financial Management LP now owns 20,070 shares of the auto parts company’s stock worth $499,000 after purchasing an additional 12,375 shares during the last quarter. Algert Global LLC bought a new stake in Miller Industries in the second quarter worth $291,000. Bessemer Group Inc. increased its position in Miller Industries by 8,139.4% in the second quarter. Bessemer Group Inc. now owns 11,700 shares of the auto parts company’s stock worth $291,000 after purchasing an additional 11,558 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Miller Industries in the second quarter worth $273,000. Institutional investors own 84.22% of the company’s stock.
Separately, BidaskClub cut shares of Miller Industries from a “hold” rating to a “sell” rating in a research report on Friday, July 28th.
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Shares of Miller Industries, Inc. (NYSE:MLR) opened at 24.90 on Tuesday. Miller Industries, Inc. has a 12 month low of $20.84 and a 12 month high of $28.85. The company has a market cap of $283.29 million, a PE ratio of 14.82 and a beta of 0.61. The company has a 50-day moving average of $25.04 and a 200 day moving average of $25.10.
Miller Industries (NYSE:MLR) last announced its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.48 earnings per share for the quarter. The company had revenue of $153.09 million for the quarter. Miller Industries had a return on equity of 10.31% and a net margin of 3.22%.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Monday, September 11th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.89%. Miller Industries’s payout ratio is currently 42.60%.
About Miller Industries
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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