Needham Investment Management LLC Buys 25,000 Shares of Smith-Midland Co. (NASDAQ:SMID)

Needham Investment Management LLC raised its stake in shares of Smith-Midland Co. (NASDAQ:SMID) by 13.5% in the 3rd quarter, Holdings Channel reports. The firm owned 210,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Needham Investment Management LLC’s holdings in Smith-Midland were worth $7,012,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SMID. MetLife Investment Management LLC raised its position in Smith-Midland by 129.1% during the 3rd 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 last quarter. Rhumbline Advisers acquired a new position in shares of Smith-Midland in the 2nd quarter valued at about $125,000. International Assets Investment Management LLC lifted its stake in shares of Smith-Midland by 3,239.0% in the 3rd 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 period. PDT Partners LLC acquired a new position in shares of Smith-Midland in the 3rd quarter valued at about $254,000. Finally, Marshall Wace LLP lifted its stake in shares of Smith-Midland by 21.7% in the 2nd quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock valued at $257,000 after purchasing an additional 1,654 shares during the period. 49.94% of the stock is owned by institutional investors.

Smith-Midland Stock Up 0.7 %

Smith-Midland stock traded up $0.37 during midday trading on Tuesday, reaching $50.40. The stock had a trading volume of 3,512 shares, compared to its average volume of 28,258. Smith-Midland Co. has a 12 month low of $25.03 and a 12 month high of $51.96. The company has a market capitalization of $267.12 million, a P/E ratio of 41.35 and a beta of 1.35. The company has a fifty day moving average price of $36.74 and a two-hundred day moving average price of $34.03. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

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.