Insider Selling: Smith-Midland Co. (NASDAQ:SMID) Director Sells 1,334 Shares of Stock

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

Smith-Midland Trading Up 0.2 %

Shares of Smith-Midland stock traded up $0.07 on Tuesday, hitting $36.07. The stock had a trading volume of 6,808 shares, compared to its average volume of 24,760. The stock has a market cap of $191.17 million, a price-to-earnings ratio of 105.44 and a beta of 1.28. Smith-Midland Co. has a one year low of $16.83 and a one year high of $48.87. The company has a quick ratio of 1.65, a current ratio of 2.05 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $36.39 and its two-hundred day simple moving average is $38.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. lifted its position in Smith-Midland by 14.6% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,554,116 shares of the company’s stock valued at $73,012,000 after acquiring an additional 197,663 shares in the last quarter. Buckingham Capital Management Inc. bought a new stake in Smith-Midland in the 4th quarter worth about $395,000. Victory Capital Management Inc. purchased a new position in Smith-Midland in the 4th quarter worth about $148,000. Finally, Vanguard Group Inc. lifted its stake in Smith-Midland by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 202,086 shares of the company’s stock valued at $9,494,000 after acquiring an additional 1,277 shares during the period. Institutional investors own 49.94% of the company’s stock.

About Smith-Midland

(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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