Smith-Midland Co. (NASDAQ:SMID) Director Richard Gerhardt Sells 1,334 Shares

Smith-Midland Co. (NASDAQ:SMID) Director Richard Gerhardt sold 1,334 shares of Smith-Midland stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.50, for a total transaction of $48,691.00. Following the transaction, the director now owns 5,797 shares in the company, valued at approximately $211,590.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Smith-Midland Price Performance

Shares of NASDAQ:SMID opened at $34.64 on Wednesday. The firm has a market cap of $183.59 million, a PE ratio of 101.88 and a beta of 1.28. The firm’s fifty day moving average is $36.25 and its 200-day moving average is $38.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.05. Smith-Midland Co. has a 52 week low of $16.83 and a 52 week high of $48.87.

Smith-Midland (NASDAQ:SMID) last announced its earnings results on Thursday, May 23rd. The company reported $0.04 earnings per share for the quarter. Smith-Midland had a net margin of 2.93% and a return on equity of 5.48%. The business had revenue of $16.40 million during the quarter.

Hedge Funds Weigh In On Smith-Midland

A number of hedge funds have recently bought and sold shares of SMID. Vanguard Group Inc. increased its stake in Smith-Midland by 0.6% in the first quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock valued at $9,494,000 after purchasing an additional 1,277 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Smith-Midland by 14.6% during the first quarter. Thompson Davis & CO. Inc. now owns 1,554,116 shares of the company’s stock worth $73,012,000 after acquiring an additional 197,663 shares in the last quarter. Buckingham Capital Management Inc. purchased a new position in Smith-Midland during the fourth quarter worth about $395,000. Finally, Victory Capital Management Inc. purchased a new position in Smith-Midland during the fourth quarter worth about $148,000. Institutional investors own 49.94% of the company’s stock.

About Smith-Midland

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.