Rhumbline Advisers Purchases Shares of 4,528 Smith-Midland Co. (NASDAQ:SMID)

Rhumbline Advisers purchased a new stake in shares of Smith-Midland Co. (NASDAQ:SMID) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,528 shares of the company’s stock, valued at approximately $125,000. Rhumbline Advisers owned about 0.09% of Smith-Midland at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Smith-Midland during the second quarter valued at $325,000. Vanguard Group Inc. increased its holdings in Smith-Midland by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock worth $9,494,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in Smith-Midland by 7.3% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,667,429 shares of the company’s stock worth $46,171,000 after acquiring an additional 113,313 shares during the period. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Price Performance

Shares of NASDAQ:SMID opened at $33.39 on Tuesday. The firm’s 50 day simple moving average is $32.92 and its two-hundred day simple moving average is $34.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.27 and a quick ratio of 1.82. The company has a market capitalization of $176.87 million, a P/E ratio of 98.21 and a beta of 1.24. Smith-Midland Co. has a 1-year low of $18.56 and a 1-year high of $48.87.

Smith-Midland (NASDAQ:SMID) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.37 EPS for the quarter. The business had revenue of $19.64 million for the quarter. Smith-Midland had a return on equity of 13.17% and a net margin of 6.76%.

Smith-Midland Profile

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.