Point72 DIFC Ltd Has $55,000 Stock Position in Miller Industries, Inc. (NYSE:MLR)

Point72 DIFC Ltd lifted its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 146.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,000 shares of the auto parts company’s stock after purchasing an additional 595 shares during the quarter. Point72 DIFC Ltd’s holdings in Miller Industries were worth $55,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Miller Industries during the 2nd quarter worth $39,000. EntryPoint Capital LLC grew its holdings in shares of Miller Industries by 101.3% during the first quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 913 shares during the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Miller Industries during the fourth quarter worth about $107,000. Quest Partners LLC acquired a new position in shares of Miller Industries in the second quarter valued at approximately $200,000. Finally, Virtu Financial LLC bought a new position in Miller Industries in the 4th quarter valued at approximately $233,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Miller Industries Stock Performance

Shares of Miller Industries stock opened at $60.20 on Friday. The stock has a market cap of $690.49 million, a price-to-earnings ratio of 10.51 and a beta of 0.96. Miller Industries, Inc. has a twelve month low of $34.96 and a twelve month high of $69.75. The company’s fifty day moving average is $60.86 and its 200 day moving average is $56.67. The company has a quick ratio of 1.44, a current ratio of 2.08 and a debt-to-equity ratio of 0.18.

Miller Industries (NYSE:MLR) last released its quarterly earnings results on Wednesday, August 7th. The auto parts company reported $1.78 EPS for the quarter. Miller Industries had a return on equity of 20.16% and a net margin of 5.55%. The firm had revenue of $371.45 million for the quarter.

Miller Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, September 9th. Miller Industries’s dividend payout ratio is presently 13.26%.

Analysts Set New Price Targets

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

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.