Miller Industries, Inc. (NYSE:MLR) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 1,404.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,173 shares of the auto parts company’s stock after acquiring an additional 53,373 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.50% of Miller Industries worth $2,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MLR. Narwhal Capital Management acquired a new position in shares of Miller Industries in the 1st quarter valued at $3,670,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Miller Industries by 19.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 152,762 shares of the auto parts company’s stock valued at $7,653,000 after purchasing an additional 24,993 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Miller Industries in the 1st quarter valued at $688,000. Quadrature Capital Ltd lifted its stake in shares of Miller Industries by 90.4% in the 4th quarter. Quadrature Capital Ltd now owns 19,669 shares of the auto parts company’s stock valued at $829,000 after purchasing an additional 9,340 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Miller Industries in the 1st quarter worth $439,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Price Performance

Shares of Miller Industries stock traded up $2.62 during trading hours on Monday, reaching $64.74. 115,068 shares of the company’s stock were exchanged, compared to its average volume of 67,755. Miller Industries, Inc. has a 1 year low of $34.96 and a 1 year high of $65.17. The company has a market capitalization of $742.57 million, a P/E ratio of 11.30 and a beta of 0.97. The business has a fifty day moving average of $58.01 and a two-hundred day moving average of $50.49. The company has a quick ratio of 1.36, a current ratio of 2.03 and a debt-to-equity ratio of 0.15.

Miller Industries (NYSE:MLR) last announced its quarterly earnings data on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter. Miller Industries had a net margin of 5.41% and a return on equity of 19.46%. The firm had revenue of $349.87 million during the quarter.

Miller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, June 3rd. Miller Industries’s dividend payout ratio is currently 13.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Miller Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 12th.

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.