Bard Associates Inc. Cuts Holdings in Smith-Midland Co. (NASDAQ:SMID)

Bard Associates Inc. lowered its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 86,371 shares of the company’s stock after selling 450 shares during the period. Bard Associates Inc.’s holdings in Smith-Midland were worth $2,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers acquired a new stake in shares of Smith-Midland in the 2nd quarter worth $125,000. International Assets Investment Management LLC boosted its holdings in Smith-Midland by 3,239.0% in the third quarter. International Assets Investment Management LLC now owns 6,678 shares of the company’s stock worth $223,000 after acquiring an additional 6,478 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Smith-Midland by 21.7% during the second 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 last quarter. Bank of New York Mellon Corp acquired a new position in shares of Smith-Midland during the second quarter valued at about $325,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Smith-Midland by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 29,952 shares of the company’s stock valued at $829,000 after acquiring an additional 3,580 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Stock Down 8.3 %

NASDAQ:SMID opened at $34.10 on Friday. The company’s 50 day moving average is $34.05 and its two-hundred day moving average is $33.22. The company has a market cap of $182.44 million, a PE ratio of 39.65 and a beta of 1.24. Smith-Midland Co. has a twelve month low of $24.19 and a twelve month high of $48.87. The company has a current ratio of 2.27, a quick ratio of 1.82 and a debt-to-equity ratio of 0.13.

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

About Smith-Midland

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.