Miller Industries, Inc. (NYSE:MLR) Shares Purchased by Narwhal Capital Management

Narwhal Capital Management grew its stake in Miller Industries, Inc. (NYSE:MLR - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,499 shares of the auto parts company's stock after purchasing an additional 20,273 shares during the period. Narwhal Capital Management owned approximately 1.06% of Miller Industries worth $5,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co bought a new position in Miller Industries during the 4th quarter valued at about $85,000. CX Institutional bought a new position in shares of Miller Industries during the first quarter valued at approximately $120,000. GAMMA Investing LLC boosted its stake in shares of 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 valued at $129,000 after purchasing an additional 2,898 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Miller Industries in the fourth quarter worth about $137,000. Finally, LSV Asset Management bought a new stake in Miller Industries during the 4th quarter valued at about $176,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

Miller Industries Trading Up 1.1%

Shares of NYSE:MLR traded up $0.51 during trading on Tuesday, reaching $44.91. 40,878 shares of the company were exchanged, compared to its average volume of 95,449. The business's fifty day simple moving average is $43.86 and its 200-day simple moving average is $53.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.23 and a quick ratio of 2.16. Miller Industries, Inc. has a 12-month low of $37.40 and a 12-month high of $78.25. The firm has a market capitalization of $514.67 million, a PE ratio of 9.54 and a beta of 1.24.

Miller Industries (NYSE:MLR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The auto parts company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.09. Miller Industries had a return on equity of 13.78% and a net margin of 4.81%. The business had revenue of $225.65 million during the quarter, compared to analyst estimates of $224.35 million. On average, research analysts anticipate that Miller Industries, Inc. will post 5.68 EPS for the current year.

Miller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.78%. The ex-dividend date was Monday, June 2nd. Miller Industries's payout ratio is 16.99%.

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.