PDT Partners LLC Takes $254,000 Position in Smith-Midland Co. (NASDAQ:SMID)

PDT Partners LLC bought a new stake in Smith-Midland Co. (NASDAQ:SMID) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,599 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds also recently modified their holdings of SMID. Thompson Davis & CO. Inc. lifted its holdings in shares of Smith-Midland by 7.3% in the second quarter. Thompson Davis & CO. Inc. now owns 1,667,429 shares of the company’s stock valued at $46,171,000 after purchasing an additional 113,313 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Smith-Midland in the second quarter valued at $325,000. Rice Hall James & Associates LLC lifted its holdings in shares of Smith-Midland by 22.7% in the third quarter. Rice Hall James & Associates LLC now owns 51,731 shares of the company’s stock valued at $1,727,000 after purchasing an additional 9,578 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $223,000 after purchasing an additional 6,478 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Smith-Midland in the second quarter valued at $125,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Price Performance

SMID opened at $45.91 on Wednesday. The stock has a fifty day moving average of $36.94 and a 200-day moving average of $34.09. The firm has a market capitalization of $243.32 million, a P/E ratio of 37.94 and a beta of 1.35. Smith-Midland Co. has a 12-month low of $25.03 and a 12-month high of $51.96. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.11.

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.