EntryPoint Capital LLC Has $91,000 Stock Holdings in Miller Industries, Inc. (NYSE:MLR)

EntryPoint Capital LLC increased its position in shares of Miller Industries, Inc. (NYSE:MLR) by 101.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,814 shares of the auto parts company’s stock after acquiring an additional 913 shares during the period. EntryPoint Capital LLC’s holdings in Miller Industries were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ellsworth Advisors LLC raised its holdings in shares of Miller Industries by 3.3% during the fourth quarter. Ellsworth Advisors LLC now owns 10,205 shares of the auto parts company’s stock worth $432,000 after acquiring an additional 327 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in Miller Industries by 11.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,800 shares of the auto parts company’s stock valued at $161,000 after buying an additional 400 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Miller Industries by 52.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock valued at $79,000 after buying an additional 639 shares in the last quarter. Redmont Wealth Advisors LLC raised its holdings in Miller Industries by 6.4% during the fourth quarter. Redmont Wealth Advisors LLC now owns 17,209 shares of the auto parts company’s stock valued at $728,000 after buying an additional 1,033 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Miller Industries by 21.9% during the fourth quarter. SG Americas Securities LLC now owns 5,846 shares of the auto parts company’s stock valued at $247,000 after buying an additional 1,050 shares in the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Miller Industries Stock Performance

Shares of NYSE:MLR traded up $0.44 during midday trading on Friday, hitting $65.96. The company’s stock had a trading volume of 45,329 shares, compared to its average volume of 68,238. The stock has a market capitalization of $756.56 million, a price-to-earnings ratio of 11.43 and a beta of 0.97. The stock’s 50 day simple moving average is $58.32 and its 200 day simple moving average is $50.87. Miller Industries, Inc. has a fifty-two week low of $34.96 and a fifty-two week high of $66.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 2.03.

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

Miller Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, June 3rd. Miller Industries’s dividend payout ratio (DPR) is presently 13.26%.

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.