Renaissance Technologies LLC cut its stake in Smith-Midland Co. (NASDAQ:SMID – Free Report) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the company’s stock after selling 2,151 shares during the period. Renaissance Technologies LLC owned 0.20% of Smith-Midland worth $296,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its stake in shares of Smith-Midland by 7.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,667,429 shares of the company’s stock worth $46,171,000 after purchasing an additional 113,313 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Smith-Midland by 0.6% in the first quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock worth $9,494,000 after purchasing an additional 1,277 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Smith-Midland by 3.8% in the second quarter. Rice Hall James & Associates LLC now owns 42,153 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,544 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Smith-Midland by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock worth $829,000 after purchasing an additional 3,580 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Smith-Midland in the second quarter worth $325,000. 49.94% of the stock is owned by institutional investors and hedge funds.
Smith-Midland Trading Up 0.0 %
NASDAQ:SMID opened at $34.61 on Friday. Smith-Midland Co. has a 1 year low of $19.02 and a 1 year high of $48.87. The stock has a market cap of $185.16 million, a price-to-earnings ratio of 40.24 and a beta of 1.24. The business has a fifty day moving average of $32.90 and a 200-day moving average of $34.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.82 and a current ratio of 2.27.
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.
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