Smith-Midland Co. (NASDAQ:SMID) Stock Position Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of Smith-Midland Co. (NASDAQ:SMID - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,750 shares of the company's stock after selling 9,500 shares during the period. Corient Private Wealth LLC owned about 0.98% of Smith-Midland worth $2,301,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC raised its stake in Smith-Midland by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 2,866 shares of the company's stock valued at $96,000 after purchasing an additional 1,615 shares during the period. PDT Partners LLC purchased a new stake in Smith-Midland in the 3rd quarter worth about $254,000. Needham Investment Management LLC boosted its position in Smith-Midland by 13.5% during the 3rd quarter. Needham Investment Management LLC now owns 210,000 shares of the company's stock worth $7,012,000 after acquiring an additional 25,000 shares during the period. State Street Corp boosted its position in Smith-Midland by 8.2% during the 3rd quarter. State Street Corp now owns 54,543 shares of the company's stock worth $1,821,000 after acquiring an additional 4,136 shares during the period. Finally, Barclays PLC grew its stake in Smith-Midland by 236.3% during the 3rd quarter. Barclays PLC now owns 6,984 shares of the company's stock valued at $233,000 after acquiring an additional 4,907 shares in the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Stock Up 3.0 %

Shares of NASDAQ SMID traded up $1.02 during mid-day trading on Thursday, reaching $35.17. The company had a trading volume of 5,012 shares, compared to its average volume of 24,931. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78. The company has a market capitalization of $186.58 million, a price-to-earnings ratio of 29.07 and a beta of 1.45. The stock has a fifty day moving average of $36.46 and a two-hundred day moving average of $38.23. Smith-Midland Co. has a 12-month low of $25.03 and a 12-month high of $51.96.

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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.