Monitor for any future amendments that disclose activist intentions or board representation demands. The 35.4% stake gives Thompson Davis significant influence, but the current filing shows no escalation.
Price Chart
Executive Summary
Thompson Davis & Co., Inc. filed an amended Schedule 13D disclosing a 35.4% beneficial ownership stake in Smith-Midland Corp as of October 2, 2026, representing 1,897,280 shares of common stock. The filing is a routine update by a registered investment adviser on behalf of its clients, with no stated activist demands or changes in purpose.
Key Financial Metrics
Key Facts
- Thompson Davis & Co., Inc. reported beneficial ownership of 1,897,280 shares of Smith-Midland common stock as of October 2, 2026
- The stake represents 35.4% of the outstanding shares
- The filing is an amendment to Schedule 13D, filed on October 7, 2026
- The filer is a registered investment adviser (RIA) holding shares on behalf of clients
- No activist demands, strategic review requests, or changes in purpose were disclosed
Financial Impact
35.4% ownership stake valued at approximately $[undisclosed] based on market price at filing date
Risk Factors
- Potential for future activist demands given large ownership stake
- Concentrated ownership could lead to governance changes or strategic shifts
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001017284-26-000010 |
| Document: 0001017284-26-000010-index.html | 0001017284-26-000010 |
| Document: 0001017284-26-000010.txt | 0001017284-26-000010 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | SC 13D/A | $22.20 $22.83 | ▲ +2.84% | ▲ +3.11% | $21.29 (−4.10%) |
Sep 4, 2026 7w ago | Insider Cluster | $26.03 $24.08 | ▼ −7.49% | ▼ −6.28% | $21.29 (−18.21%) |
Aug 14, 2026 10w ago | 8-K | $28.54 $27.50 | ▼ −3.64% | ▼ −2.45% | $21.29 (−25.40%) |
Jun 9, 2026 19w ago | 8-K | $29.50 $29.20 | ▲ +1.02% | ▲ +4.45% | $21.29 (+27.83%) |
Apr 14, 2026 27w ago | 8-K | $31.72 $33.58 | ▲ +5.86% | ▲ +4.22% | $21.29 (−32.88%) |
Mar 24, 2026 30w ago | 8-K | $29.65 $32.53 | ▲ +9.71% | ▲ +10.14% | $21.29 (−28.20%) |
US Market Status
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