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

PDT Partners LLC acquired a new position in shares of Smith-Midland Co. (NASDAQ:SMID) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,599 shares of the company’s stock, valued at approximately $254,000. PDT Partners LLC owned 0.14% of Smith-Midland at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SMID. MetLife Investment Management LLC lifted its position in Smith-Midland by 129.1% in the third 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 period. Rhumbline Advisers acquired a new stake in Smith-Midland in the second quarter worth approximately $125,000. International Assets Investment Management LLC lifted its position in 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 purchasing an additional 6,478 shares during the period. Marshall Wace LLP lifted its position in Smith-Midland by 21.7% in the second quarter. Marshall Wace LLP now owns 9,265 shares of the company’s stock worth $257,000 after purchasing an additional 1,654 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Smith-Midland in the second quarter worth approximately $325,000. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Smith-Midland Stock Performance

SMID opened at $45.91 on Wednesday. The company has a market capitalization of $243.32 million, a price-to-earnings ratio of 37.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.78 and a quick ratio of 2.28. Smith-Midland Co. has a 1-year low of $25.03 and a 1-year high of $51.96. The business has a 50 day moving average price of $36.94 and a two-hundred day moving average price of $34.09.

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.