Marshall Wace LLP Grows Stock Holdings in Smith-Midland Co. (NASDAQ:SMID)

Marshall Wace LLP raised its position in shares of Smith-Midland Co. (NASDAQ:SMID) by 21.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,265 shares of the company’s stock after acquiring an additional 1,654 shares during the period. Marshall Wace LLP owned approximately 0.17% of Smith-Midland worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers bought a new position in shares of Smith-Midland in the second quarter worth about $125,000. Bank of New York Mellon Corp purchased a new stake in shares of Smith-Midland during the second quarter valued at about $325,000. Dimensional Fund Advisors LP raised its position in shares of Smith-Midland by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock valued at $829,000 after purchasing an additional 3,580 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in Smith-Midland by 3.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 42,153 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Smith-Midland by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock worth $9,494,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Stock Up 0.0 %

SMID stock opened at $34.61 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.27 and a debt-to-equity ratio of 0.13. Smith-Midland Co. has a 52 week low of $19.02 and a 52 week high of $48.87. The firm has a 50 day moving average of $32.90 and a 200 day moving average of $34.43. The stock has a market capitalization of $185.16 million, a PE ratio of 40.24 and a beta of 1.24.

Smith-Midland (NASDAQ:SMID) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.37 EPS for the quarter. The business had revenue of $19.64 million during the quarter. Smith-Midland had a net margin of 6.76% and a return on equity of 13.17%.

Smith-Midland 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.