Thompson Davis & CO. Inc. Purchases 83,535 Shares of Smith-Midland Co. (NASDAQ:SMID)

Thompson Davis & CO. Inc. raised its holdings in shares of Smith-Midland Co. (NASDAQ:SMID - Free Report) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,750,964 shares of the company's stock after purchasing an additional 83,535 shares during the quarter. Smith-Midland accounts for 43.2% of Thompson Davis & CO. Inc.'s portfolio, making the stock its largest position. Thompson Davis & CO. Inc. owned 32.73% of Smith-Midland worth $58,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in Smith-Midland during the second quarter valued at approximately $125,000. International Assets Investment Management LLC raised its position in shares of Smith-Midland by 3,239.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,678 shares of the company's stock valued at $223,000 after acquiring an additional 6,478 shares in the last quarter. Marshall Wace LLP lifted its stake 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 purchasing an additional 1,654 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Smith-Midland during the second quarter valued at $325,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Smith-Midland by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company's stock worth $829,000 after buying an additional 3,580 shares during the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Smith-Midland Stock Performance

Shares of NASDAQ SMID traded up $0.06 during midday trading on Wednesday, hitting $41.58. The company's stock had a trading volume of 26,673 shares, compared to its average volume of 28,533. The firm has a market cap of $220.37 million, a P/E ratio of 34.36 and a beta of 1.24. Smith-Midland Co. has a 1-year low of $25.03 and a 1-year high of $48.87. The firm's fifty day moving average price is $34.92 and its 200-day moving average price is $33.34. 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.