Smith-Midland Co. (NASDAQ:SMID) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of Smith-Midland Co. (NASDAQ:SMID - Free Report) by 75.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,048 shares of the company's stock after selling 33,972 shares during the period. Rockefeller Capital Management L.P. owned 0.21% of Smith-Midland worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SMID. MetLife Investment Management LLC lifted its stake 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 purchasing an additional 1,615 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Smith-Midland during the 2nd quarter worth approximately $125,000. International Assets Investment Management LLC boosted its holdings in shares of Smith-Midland by 3,239.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,678 shares of the company's stock valued at $223,000 after buying an additional 6,478 shares in the last quarter. Marshall Wace LLP grew its position in shares of Smith-Midland by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 9,265 shares of the company's stock valued at $257,000 after buying an additional 1,654 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Smith-Midland during the 2nd quarter worth $325,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Smith-Midland Stock Performance

NASDAQ SMID traded up $0.40 during trading hours on Wednesday, hitting $48.65. The company had a trading volume of 34,088 shares, compared to its average volume of 28,468. The business has a 50 day moving average of $38.77 and a 200-day moving average of $34.63. The company has a market cap of $258.09 million, a PE ratio of 40.21 and a beta of 1.35. Smith-Midland Co. has a 1-year low of $25.03 and a 1-year high of $51.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78.

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.