Thompson Davis & CO. Inc. Has $79.36 Million Stake in Smith-Midland Co. (NASDAQ:SMID)

Thompson Davis & CO. Inc. grew its holdings in Smith-Midland Co. (NASDAQ:SMID) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,784,921 shares of the company’s stock after buying an additional 33,957 shares during the period. Smith-Midland accounts for 51.0% of Thompson Davis & CO. Inc.’s portfolio, making the stock its largest position. Thompson Davis & CO. Inc. owned about 0.34% of Smith-Midland worth $79,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Sound Income Strategies LLC bought a new stake in Smith-Midland during the fourth quarter worth about $48,000. MetLife Investment Management LLC lifted 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 worth $96,000 after purchasing an additional 1,615 shares during the period. International Assets Investment Management LLC lifted 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 worth $223,000 after purchasing an additional 6,478 shares during the period. Barclays PLC lifted its position in Smith-Midland by 236.3% during the third quarter. Barclays PLC now owns 6,984 shares of the company’s stock worth $233,000 after purchasing an additional 4,907 shares during the period. Finally, PDT Partners LLC bought a new stake in Smith-Midland during the third quarter worth about $254,000. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Trading Down 6.4 %

SMID opened at $34.74 on Friday. Smith-Midland Co. has a twelve month low of $25.03 and a twelve month high of $51.96. The company has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $37.90. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $184.12 million, a price-to-earnings ratio of 28.71 and a beta of 1.38.

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.