Bard Associates Inc. Reduces Stock Holdings in Smith-Midland Co. (NASDAQ:SMID)

Bard Associates Inc. lowered its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 85,671 shares of the company’s stock after selling 700 shares during the quarter. Smith-Midland makes up 1.3% of Bard Associates Inc.’s holdings, making the stock its 22nd biggest position. Bard Associates Inc.’s holdings in Smith-Midland were worth $3,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SMID. Barclays PLC increased its position in Smith-Midland by 236.3% during the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock valued at $233,000 after acquiring an additional 4,907 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Smith-Midland by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 101,193 shares of the company’s stock worth $3,379,000 after purchasing an additional 1,866 shares during the period. State Street Corp grew its holdings in Smith-Midland by 8.2% during the 3rd quarter. State Street Corp now owns 54,543 shares of the company’s stock valued at $1,821,000 after purchasing an additional 4,136 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Smith-Midland by 1.9% in the 4th quarter. Thompson Davis & CO. Inc. now owns 1,784,921 shares of the company’s stock worth $79,358,000 after purchasing an additional 33,957 shares during the period. Finally, International Assets Investment Management LLC raised its position in 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 worth $223,000 after purchasing an additional 6,478 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Stock Down 6.1 %

Shares of NASDAQ:SMID opened at $32.04 on Tuesday. The firm has a market capitalization of $169.97 million, a PE ratio of 26.48 and a beta of 1.38. The business has a 50 day simple moving average of $39.68 and a two-hundred day simple moving average of $38.21. 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 current ratio of 2.78 and a quick ratio of 2.28.

About Smith-Midland

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.