Miller Industries (NYSE:MLR) Share Price Crosses Above Two Hundred Day Moving Average of $48.80

Miller Industries, Inc. (NYSE:MLR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.80 and traded as high as $55.28. Miller Industries shares last traded at $54.24, with a volume of 105,554 shares changing hands.

Miller Industries Price Performance

The firm has a market cap of $622.13 million, a PE ratio of 9.47 and a beta of 0.97. The stock has a 50 day simple moving average of $56.37 and a two-hundred day simple moving average of $48.80. 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 posted its earnings results on Wednesday, May 8th. The auto parts company reported $1.47 earnings per share for the quarter. Miller Industries had a net margin of 5.41% and a return on equity of 19.46%. The firm had revenue of $349.87 million during the quarter.

Miller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a $0.19 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.40%. Miller Industries’s dividend payout ratio is currently 13.26%.

Hedge Funds Weigh In On Miller Industries

Hedge funds have recently made changes to their positions in the company. AJOVista LLC acquired a new position in Miller Industries during the fourth quarter worth about $69,000. Tower Research Capital LLC TRC lifted its stake in Miller Industries by 52.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,868 shares of the auto parts company’s stock worth $79,000 after purchasing an additional 639 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Miller Industries during the 4th quarter worth approximately $86,000. EntryPoint Capital LLC grew its position in shares of Miller Industries by 101.3% in the first quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 913 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in shares of Miller Industries in the fourth quarter valued at approximately $107,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.