Insider Selling: Smith-Midland Co. (NASDAQ:SMID) Director Sells $48,691.00 in Stock

Smith-Midland Co. (NASDAQ:SMIDGet Free Report) Director Richard Gerhardt sold 1,334 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $36.50, for a total transaction of $48,691.00. Following the completion of the transaction, the director now owns 5,797 shares of the company’s stock, valued at approximately $211,590.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Smith-Midland Trading Down 4.9 %

Shares of SMID stock opened at $32.94 on Friday. Smith-Midland Co. has a 52-week low of $16.83 and a 52-week high of $48.87. The stock has a market cap of $174.58 million, a price-to-earnings ratio of 96.88 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.05. The firm has a fifty day moving average of $35.96 and a 200-day moving average of $38.83.

Smith-Midland (NASDAQ:SMIDGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.04 earnings per share (EPS) for the quarter. Smith-Midland had a net margin of 2.93% and a return on equity of 5.48%. The company had revenue of $16.40 million during the quarter.

Hedge Funds Weigh In On Smith-Midland

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new position in shares of Smith-Midland in the 4th quarter valued at $148,000. Buckingham Capital Management Inc. acquired a new stake in shares of Smith-Midland during the 4th quarter worth about $395,000. Vanguard Group Inc. increased its position in shares of Smith-Midland by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock worth $9,494,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of Smith-Midland by 10.2% during the 4th quarter. Thompson Davis & CO. Inc. now owns 1,356,453 shares of the company’s stock worth $53,580,000 after purchasing an additional 125,873 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Smith-Midland Company Profile

(Get Free Report)

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.

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