Pacific Ridge Capital Partners LLC boosted its holdings in Miller Industries, Inc. (NYSE:MLR - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,994 shares of the auto parts company's stock after acquiring an additional 17,197 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.86% of Miller Industries worth $4,194,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its stake in Miller Industries by 98.0% during the first quarter. IFP Advisors Inc now owns 608 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 301 shares during the period. CANADA LIFE ASSURANCE Co bought a new position in Miller Industries during the 4th quarter worth about $85,000. CX Institutional acquired a new position in shares of Miller Industries during the 1st quarter worth about $120,000. GAMMA Investing LLC grew its holdings in Miller Industries by 1,894.1% during the first quarter. GAMMA Investing LLC now owns 3,051 shares of the auto parts company's stock worth $129,000 after purchasing an additional 2,898 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Miller Industries in the fourth quarter valued at approximately $137,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.
Miller Industries Trading Up 1.2%
Shares of NYSE:MLR traded up $0.47 during midday trading on Tuesday, hitting $41.32. 27,148 shares of the stock traded hands, compared to its average volume of 96,072. Miller Industries, Inc. has a one year low of $37.40 and a one year high of $78.25. The stock has a market capitalization of $473.50 million, a PE ratio of 8.78 and a beta of 1.25. The business's 50 day moving average is $44.34 and its two-hundred day moving average is $48.38. The company has a quick ratio of 2.16, a current ratio of 3.23 and a debt-to-equity ratio of 0.18.
Miller Industries (NYSE:MLR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.09. Miller Industries had a net margin of 4.81% and a return on equity of 13.78%. The firm had revenue of $225.65 million for the quarter, compared to analysts' expectations of $224.35 million. As a group, research analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current year.
Miller Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Miller Industries's payout ratio is currently 16.99%.
Analyst Ratings Changes
Separately, DA Davidson cut their price target on Miller Industries from $66.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, June 26th.
Check Out Our Latest Research Report on MLR
Miller Industries Company 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.
Recommended Stories

Before you consider Miller Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Miller Industries wasn't on the list.
While Miller Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.