Thompson Davis & CO. Inc. Acquires 33,957 Shares of Smith-Midland Co. (NASDAQ:SMID)

Thompson Davis & CO. Inc. grew its holdings in Smith-Midland Co. (NASDAQ:SMID) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,784,921 shares of the company’s stock after purchasing an additional 33,957 shares during the period. Smith-Midland comprises approximately 51.0% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its biggest holding. Thompson Davis & CO. Inc. owned approximately 33.65% of Smith-Midland worth $79,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMID. Sound Income Strategies LLC acquired a new position in Smith-Midland during the fourth quarter worth $48,000. MetLife Investment Management LLC increased its holdings in Smith-Midland by 129.1% during the third quarter. MetLife Investment Management LLC now owns 2,866 shares of the company’s stock worth $96,000 after buying an additional 1,615 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Smith-Midland by 3,239.0% during the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock worth $223,000 after buying an additional 6,478 shares during the last quarter. Barclays PLC boosted its position in Smith-Midland by 236.3% during the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock worth $233,000 after purchasing an additional 4,907 shares during the period. Finally, PDT Partners LLC bought a new position in Smith-Midland during the third quarter worth $254,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Smith-Midland Trading Down 6.4 %

SMID stock opened at $34.74 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. The company has a fifty day moving average price of $40.80 and a two-hundred day moving average price of $37.90. Smith-Midland Co. has a one year low of $25.03 and a one year high of $51.96. The stock has a market cap of $184.12 million, a price-to-earnings ratio of 28.71 and a beta of 1.38.

Smith-Midland Company Profile

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.