International Assets Investment Management LLC Grows Stock Holdings in Smith-Midland Co. (NASDAQ:SMID)

International Assets Investment Management LLC boosted its position in Smith-Midland Co. (NASDAQ:SMID) by 3,239.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,678 shares of the company’s stock after acquiring an additional 6,478 shares during the period. International Assets Investment Management LLC’s holdings in Smith-Midland were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMID. Thompson Davis & CO. Inc. grew its stake in Smith-Midland by 7.3% in 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. Bank of New York Mellon Corp purchased a new stake in Smith-Midland in the 2nd quarter worth approximately $325,000. Rhumbline Advisers purchased a new stake in Smith-Midland in the 2nd quarter worth approximately $125,000. Dimensional Fund Advisors LP grew its stake in Smith-Midland by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock worth $829,000 after acquiring an additional 3,580 shares during the period. Finally, Marshall Wace LLP grew its stake in Smith-Midland by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after acquiring an additional 1,654 shares during the period. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Stock Up 5.0 %

SMID stock opened at $36.75 on Thursday. The stock has a market capitalization of $196.47 million, a P/E ratio of 42.73 and a beta of 1.24. 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 Co. has a one year low of $19.32 and a one year high of $48.87. The company has a 50 day moving average price of $33.63 and a two-hundred day moving average price of $33.20.

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

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.