Rhumbline Advisers Has $173,000 Stock Position in Smith-Midland Co. (NASDAQ:SMID)

Rhumbline Advisers cut its holdings in shares of Smith-Midland Co. (NASDAQ:SMID) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,893 shares of the company’s stock after selling 651 shares during the quarter. Rhumbline Advisers owned about 0.07% of Smith-Midland worth $173,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. grew its holdings in Smith-Midland by 5.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock valued at $58,465,000 after buying an additional 83,535 shares in the last quarter. Needham Investment Management LLC raised its position in Smith-Midland by 13.5% in the third quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock valued at $7,012,000 after purchasing an additional 25,000 shares during the last quarter. Geode Capital Management LLC raised its position in Smith-Midland by 1.9% in the third quarter. Geode Capital Management LLC now owns 101,193 shares of the company’s stock valued at $3,379,000 after purchasing an additional 1,866 shares during the last quarter. State Street Corp increased its stake in shares of Smith-Midland by 8.2% in the third quarter. State Street Corp now owns 54,543 shares of the company’s stock valued at $1,821,000 after buying an additional 4,136 shares during the period. Finally, PDT Partners LLC acquired a new stake in shares of Smith-Midland in the third quarter valued at about $254,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Smith-Midland Trading Down 1.4 %

Shares of SMID stock opened at $34.27 on Tuesday. The stock has a 50-day moving average of $38.59 and a 200-day moving average of $38.24. Smith-Midland Co. has a 1-year low of $25.03 and a 1-year high of $51.96. The stock has a market cap of $181.80 million, a price-to-earnings ratio of 28.32 and a beta of 1.45. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

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.