Smith-Midland Co. (NASDAQ:SMID) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 3,239.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,678 shares of the company’s stock after acquiring an additional 6,478 shares during the period. International Assets Investment Management LLC owned about 0.13% of Smith-Midland worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SMID. Vanguard Group Inc. lifted its position in shares of Smith-Midland by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock valued at $9,494,000 after acquiring an additional 1,277 shares during the period. Thompson Davis & CO. Inc. lifted its position in shares of Smith-Midland by 7.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,667,429 shares of the company’s stock valued at $46,171,000 after acquiring an additional 113,313 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Smith-Midland during the 2nd quarter valued at approximately $325,000. Rhumbline Advisers acquired a new stake in shares of Smith-Midland during the 2nd quarter valued at approximately $125,000. Finally, Rice Hall James & Associates LLC lifted its position in shares of Smith-Midland by 3.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 42,153 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,544 shares during the period. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Smith-Midland Trading Up 5.0 %

Shares of SMID opened at $36.75 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.27 and a quick ratio of 1.82. The firm has a 50 day simple moving average of $33.63 and a 200-day simple moving average of $33.20. Smith-Midland Co. has a 1-year low of $19.32 and a 1-year high of $48.87. The stock has a market cap of $196.47 million, a price-to-earnings ratio of 42.73 and a beta of 1.24.

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

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.