Bard Associates Inc. Acquires Shares of 79,875 Smith-Midland Corp. $SMID

Bard Associates Inc. acquired a new stake in Smith-Midland Corp. (NASDAQ:SMID) in the second quarter, HoldingsChannel.com reports. The fund acquired 79,875 shares of the company’s stock, valued at approximately $2,316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SMID. Dimensional Fund Advisors LP increased its holdings in shares of Smith-Midland by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 37,101 shares of the company’s stock worth $1,368,000 after acquiring an additional 267 shares during the last quarter. Barclays PLC lifted its holdings in Smith-Midland by 8.6% during the 4th quarter. Barclays PLC now owns 4,224 shares of the company’s stock valued at $154,000 after purchasing an additional 335 shares during the last quarter. Rhumbline Advisers boosted its position in Smith-Midland by 9.6% during the first quarter. Rhumbline Advisers now owns 4,265 shares of the company’s stock worth $133,000 after purchasing an additional 372 shares during the period. Jane Street Group LLC increased its holdings in shares of Smith-Midland by 9.8% in the fourth quarter. Jane Street Group LLC now owns 6,530 shares of the company’s stock valued at $237,000 after purchasing an additional 583 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Smith-Midland by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 4,382 shares of the company’s stock valued at $162,000 after purchasing an additional 638 shares during the period. 49.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith-Midland in a report on Wednesday, June 24th. Wall Street Zen cut shares of Smith-Midland from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Smith-Midland Trading Down 0.6%

Shares of Smith-Midland stock opened at $27.69 on Friday. The firm’s 50-day moving average price is $29.04 and its two-hundred day moving average price is $31.24. The company has a market capitalization of $146.76 million, a price-to-earnings ratio of 19.10 and a beta of 1.76. The company has a quick ratio of 2.68, a current ratio of 4.06 and a debt-to-equity ratio of 0.06. Smith-Midland Corp. has a 12-month low of $25.60 and a 12-month high of $43.62.

Smith-Midland (NASDAQ:SMID) last issued its earnings results on Friday, August 14th. The company reported $0.26 earnings per share for the quarter. Smith-Midland had a return on equity of 14.06% and a net margin of 8.59%.The firm had revenue of $23.36 million for the quarter.

Smith-Midland Company Profile

Smith-Midland Corporation (NASDAQ: SMID) is a Virginia?based manufacturer specializing in precast and cast?in?place concrete products for use in residential, commercial and infrastructure applications. Headquartered in Midland, Virginia, the company operates a primary production facility where it designs, engineers and produces a wide array of concrete components under stringent quality controls. Smith?Midland’s products are widely used by builders, contractors and government agencies across the United States.

The company’s Construction Products Group offers an extensive portfolio of engineered solutions for transportation and site development projects.