Needham Investment Management LLC Has $7.01 Million Holdings in Smith-Midland Co. (NASDAQ:SMID)

Needham Investment Management LLC lifted its position in shares of Smith-Midland Co. (NASDAQ:SMID) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,000 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Needham Investment Management LLC owned approximately 3.93% of Smith-Midland worth $7,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PDT Partners LLC acquired a new stake in shares of Smith-Midland during the third quarter valued at about $254,000. MetLife Investment Management LLC grew its holdings 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 acquiring an additional 1,615 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Smith-Midland by 5.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock valued at $58,465,000 after acquiring an additional 83,535 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Smith-Midland by 22.7% during the third quarter. Rice Hall James & Associates LLC now owns 51,731 shares of the company’s stock valued at $1,727,000 after acquiring an additional 9,578 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of 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 valued at $223,000 after acquiring an additional 6,478 shares during the last quarter. Institutional investors own 49.94% of the company’s stock.

Smith-Midland Trading Up 0.7 %

Shares of Smith-Midland stock traded up $0.37 during trading on Tuesday, hitting $50.40. The company’s stock had a trading volume of 3,512 shares, compared to its average volume of 28,258. The stock has a market cap of $267.12 million, a price-to-earnings ratio of 41.35 and a beta of 1.35. Smith-Midland Co. has a 52 week low of $25.03 and a 52 week high of $51.96. The stock has a 50-day moving average price of $36.74 and a two-hundred day moving average price of $34.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28.

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.