Sound Income Strategies LLC Makes New $48,000 Investment in Smith-Midland Co. (NASDAQ:SMID)

Sound Income Strategies LLC acquired a new stake in shares of Smith-Midland Co. (NASDAQ:SMID) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,080 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in Smith-Midland by 236.3% during the 3rd quarter. Barclays PLC now owns 6,984 shares of the company’s stock valued at $233,000 after purchasing an additional 4,907 shares in the last quarter. Geode Capital Management LLC boosted its position in Smith-Midland by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 101,193 shares of the company’s stock valued at $3,379,000 after buying an additional 1,866 shares during the last quarter. State Street Corp grew its stake in shares of Smith-Midland by 8.2% during the third quarter. State Street Corp now owns 54,543 shares of the company’s stock valued at $1,821,000 after acquiring an additional 4,136 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of Smith-Midland by 5.0% during the third quarter. Thompson Davis & CO. Inc. now owns 1,750,964 shares of the company’s stock worth $58,465,000 after acquiring an additional 83,535 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake 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 worth $223,000 after acquiring an additional 6,478 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Smith-Midland Trading Down 0.2 %

Shares of SMID opened at $41.10 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 2.78. Smith-Midland Co. has a one year low of $25.03 and a one year high of $51.96. The stock has a 50-day moving average price of $44.39 and a 200 day moving average price of $37.07. The company has a market capitalization of $217.83 million, a P/E ratio of 33.97 and a beta of 1.40.

Smith-Midland 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.