Miller Industries, Inc. (NYSE:MLR) Short Interest Down 21.0% in July

Miller Industries, Inc. (NYSE:MLR) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 78,400 shares, a decline of 21.0% from the June 30th total of 99,300 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 81,600 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Miller Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. AJOVista LLC purchased a new position in Miller Industries during the 4th quarter valued at about $69,000. EntryPoint Capital LLC grew its stake in Miller Industries by 101.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 913 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Miller Industries by 52.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock valued at $79,000 after acquiring an additional 639 shares in the last quarter. Blue Trust Inc. purchased a new position in Miller Industries during the 4th quarter valued at about $86,000. Finally, Voisard Asset Management Group Inc. purchased a new position in Miller Industries during the 4th quarter valued at about $107,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

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

Miller Industries Trading Up 1.0 %

NYSE MLR traded up $0.67 on Friday, hitting $66.19. 108,284 shares of the company were exchanged, compared to its average volume of 103,672. The company’s 50 day moving average price is $58.44 and its 200-day moving average price is $51.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.36. The firm has a market capitalization of $759.20 million, a P/E ratio of 11.55 and a beta of 0.97. Miller Industries has a twelve month low of $34.96 and a twelve month high of $66.98.

Miller Industries (NYSE:MLR) last posted its quarterly earnings data on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

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

Miller Industries Company 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.