Spark Investment Management LLC held its stake in Miller Industries, Inc. (NYSE:MLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,800 shares of the auto parts company’s stock at the end of the second quarter. Spark Investment Management LLC owned approximately 0.08% of Miller Industries worth $218,000 as of its most recent filing with the SEC.

Separately, Strs Ohio bought a new position in Miller Industries during the second quarter worth approximately $171,000. 82.54% of the stock is owned by institutional investors.

Miller Industries, Inc. (NYSE:MLR) opened at 24.55 on Thursday. The firm has a 50-day moving average of $25.39 and a 200-day moving average of $25.23. The stock has a market cap of $279.31 million, a PE ratio of 14.61 and a beta of 0.58. Miller Industries, Inc. has a 1-year low of $20.79 and a 1-year high of $28.85.

Miller Industries (NYSE:MLR) last released its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter. The firm had revenue of $153.09 million for the quarter. Miller Industries had a net margin of 3.22% and a return on equity of 10.31%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Monday, September 11th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, September 8th. Miller Industries’s payout ratio is currently 42.60%.

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Separately, BidaskClub raised shares of Miller Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

Miller Industries Company Profile

Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.

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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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