RBF Capital LLC Invests $1.27 Million in Miller Industries, Inc. $MLR

by · The Cerbat Gem

RBF Capital LLC bought a new position in shares of Miller Industries, Inc. (NYSE:MLR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,606 shares of the auto parts company’s stock, valued at approximately $1,272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bosun Asset Management LLC increased its position in shares of Miller Industries by 11.1% in the 2nd quarter. Bosun Asset Management LLC now owns 11,530 shares of the auto parts company’s stock valued at $513,000 after purchasing an additional 1,156 shares during the last quarter. First Trust Advisors LP lifted its holdings in Miller Industries by 4.2% during the 2nd quarter. First Trust Advisors LP now owns 37,032 shares of the auto parts company’s stock worth $1,646,000 after buying an additional 1,506 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Miller Industries by 66.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 329 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Miller Industries by 0.8% during the 2nd quarter. Systematic Financial Management LP now owns 387,729 shares of the auto parts company’s stock worth $17,238,000 after acquiring an additional 3,111 shares in the last quarter. Finally, CW Advisors LLC lifted its stake in Miller Industries by 228.0% during the second quarter. CW Advisors LLC now owns 23,125 shares of the auto parts company’s stock worth $1,028,000 after purchasing an additional 16,075 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Trading Down 0.2%

Shares of MLR stock opened at $37.17 on Wednesday. The company has a market capitalization of $424.82 million, a P/E ratio of 14.30 and a beta of 1.26. The company has a current ratio of 3.46, a quick ratio of 2.13 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $39.13 and its two-hundred day moving average is $41.59. Miller Industries, Inc. has a twelve month low of $33.81 and a twelve month high of $74.00.

Miller Industries (NYSE:MLR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The auto parts company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.25. The firm had revenue of $178.67 million during the quarter, compared to the consensus estimate of $177.55 million. Miller Industries had a return on equity of 7.32% and a net margin of 3.59%. Equities analysts forecast that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, December 2nd. Miller Industries’s payout ratio is 30.77%.

Wall Street Analyst Weigh In

MLR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Miller Industries in a research note on Monday. Loop Capital set a $46.00 target price on shares of Miller Industries in a report on Monday, November 10th. Finally, Zacks Research upgraded shares of Miller Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Miller Industries currently has a consensus rating of “Hold” and a consensus price target of $55.00.

Get Our Latest Research Report on MLR

Miller Industries Profile

(Free Report)

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.

See Also

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