Smith-Midland Co. (NASDAQ:SMID) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Smith-Midland Co. (NASDAQ:SMID) by 236.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,984 shares of the company’s stock after acquiring an additional 4,907 shares during the quarter. Barclays PLC owned 0.13% of Smith-Midland worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC grew its position 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 period. Rhumbline Advisers acquired a new position in Smith-Midland during the second quarter worth about $125,000. International Assets Investment Management LLC grew its position 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 period. PDT Partners LLC acquired a new position in Smith-Midland during the third quarter worth about $254,000. Finally, Marshall Wace LLP grew its position in Smith-Midland by 21.7% during the second quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after buying an additional 1,654 shares during the period. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Smith-Midland Trading Up 2.0 %

Shares of SMID opened at $41.76 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $44.16 and its two-hundred day moving average is $36.85. Smith-Midland Co. has a twelve month low of $25.03 and a twelve month high of $51.96. The firm has a market capitalization of $221.33 million, a P/E ratio of 34.51 and a beta of 1.40.

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.