Rice Hall James & Associates LLC Has $2.28 Million Stock Position in Smith-Midland Co. (NASDAQ:SMID)

Rice Hall James & Associates LLC decreased its position in shares of Smith-Midland Co. (NASDAQ:SMID) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,177 shares of the company’s stock after selling 554 shares during the period. Rice Hall James & Associates LLC’s holdings in Smith-Midland were worth $2,275,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SMID. International Assets Investment Management LLC boosted its position in Smith-Midland by 3,239.0% during the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock valued at $223,000 after purchasing an additional 6,478 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Smith-Midland by 5.0% during the third quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock valued at $58,465,000 after purchasing an additional 83,535 shares during the last quarter. MetLife Investment Management LLC boosted its position in Smith-Midland by 129.1% during the third 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 last quarter. PDT Partners LLC bought a new position in Smith-Midland during the third quarter valued at about $254,000. Finally, Needham Investment Management LLC raised its holdings in Smith-Midland by 13.5% during the third quarter. Needham Investment Management LLC now owns 210,000 shares of the company’s stock valued at $7,012,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Smith-Midland Price Performance

NASDAQ SMID opened at $37.60 on Wednesday. Smith-Midland Co. has a fifty-two week low of $25.03 and a fifty-two week high of $51.96. The stock’s 50-day moving average is $41.74 and its two-hundred day moving average is $37.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. The firm has a market cap of $199.28 million, a P/E ratio of 31.07 and a beta of 1.38.

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.