Smith-Midland Co. (NASDAQ:SMID) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,177 shares of the company’s stock after selling 554 shares during the period. Rice Hall James & Associates LLC owned about 0.97% of Smith-Midland worth $2,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Smith-Midland by 236.3% during the 3rd quarter. Barclays PLC now owns 6,984 shares of the company’s stock valued at $233,000 after acquiring an additional 4,907 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Smith-Midland by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 101,193 shares of the company’s stock valued at $3,379,000 after acquiring an additional 1,866 shares during the last quarter. State Street Corp lifted its position in shares of Smith-Midland by 8.2% during the 3rd quarter. State Street Corp now owns 54,543 shares of the company’s stock valued at $1,821,000 after acquiring an additional 4,136 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Smith-Midland by 5.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock valued at $58,465,000 after acquiring an additional 83,535 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Smith-Midland by 3,239.0% in the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock valued at $223,000 after purchasing an additional 6,478 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Smith-Midland Stock Performance

Shares of Smith-Midland stock opened at $37.60 on Wednesday. The stock has a market cap of $199.28 million, a PE ratio of 31.07 and a beta of 1.38. The business has a fifty day simple moving average of $41.74 and a 200-day simple moving average of $37.84. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. Smith-Midland Co. has a 12 month low of $25.03 and a 12 month high of $51.96.

About Smith-Midland

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems in the United States. It offers SlenderWall lightweight construction panel, lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers, used on roadways to separate lanes of traffic in construction work zone or traffic control purposes; Easi-Set precast building and Easi-Span expandable precast buildings, used in housing communications operations, traffic control systems, and mechanical and electrical stations; Easi-Set utility, vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels, it absorb highway noise; Beach Prisms erosion control modules for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.