SCHEDULE: Royce & Associates Reduces Stake in Miller Industries Below 5%
Beneficial Ownership Update
Royce & Associates LP has filed an amendment to its Schedule 13G, disclosing a reduced beneficial ownership of 4.52% in Miller Industries, Inc.
Summary
- Royce & Associates LP, an investment adviser based in New York, has filed an Amendment No. 1 to its Schedule 13G for Miller Industries, Inc.
- The filing indicates that Royce & Associates LP beneficially owns 518,322 shares of Miller Industries' Common Stock, representing 4.52% of the class.
- This percentage is below the 5% threshold, suggesting a reduction in their previously reported stake.
- The event requiring this filing occurred on June 30, 2025.
- Royce & Associates LP maintains sole voting and dispositive power over all 518,322 shares.
Sentiment
Score: 4
Explanation: The document is a factual disclosure of a reduced stake by an institutional investor, which is generally perceived as a slightly negative signal for the issuer, though the filing itself is routine.
Positives
- NA
Negatives
- Royce & Associates LP has reduced its beneficial ownership in Miller Industries, Inc. to 4.52%, falling below the 5% threshold that typically triggers initial Schedule 13G filings for institutional investors.
Risks
- Royce & Associates LP disclaims any pecuniary interest in the reported securities.
- Royce & Associates LP disclaims beneficial ownership as defined in Rule 13d-3 of any such securities.
- Royce & Associates LP believes it is not a "group" with Franklin Resources, Inc. (FRI) affiliates, Charles B. Johnson, or Rupert H. Johnson, Jr., or their respective affiliates, within the meaning of Rule 13d-5 under the Act.
- Beneficial ownership of the securities reported by Royce & Associates LP is not attributed to the Principal Shareholders (Charles B. Johnson and Rupert H. Johnson, Jr.) of Franklin Resources, Inc. due to independent exercise of voting and investment powers.
Future Outlook
NA
Management Comments
- Royce & Associates LP certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Miller Industries, Inc.
- Daniel A. O'Byrne, Vice President of Royce & Associates LP, certified the truth, completeness, and correctness of the information in the statement.
Industry Context
NA
Stakeholder Impact
- Shareholders of Miller Industries, Inc. may view the reduction in stake by a significant institutional investor as a potential decrease in investor confidence or a signal of a change in investment strategy by Royce & Associates LP.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement, indicating when Royce & Associates LP's beneficial ownership changed to require this amendment. |
| 07/16/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed by Royce & Associates LP. |
Keywords
Miller Industries, Royce & Associates, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure
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