SC 13G 1 alfrank_13g-smithmidland.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Smith Midland Corp. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK -------------------------------------------------------------------------------- (Title of Class of Securities) 832156103 -------------- (CUSIP Number) DECEMBER 31, 2007 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 pages CUSIP No. 832156103 13G Page 2 of 5 Pages ________________________________________________________________________________ 1. Name of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) AL FRANK ASSET MANAGEMENT, INC. 95-4074555 ________________________________________________________________________________ 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC Use Only ________________________________________________________________________________ 4. Citizenship or Place of Organization CALIFORNIA, USA ________________________________________________________________________________ 5. Sole Voting Power NUMBER OF 559,113 SHARES _________________________________________________________________ BENEFICIALLY 6. Shared Voting Power OWNED BY NONE EACH _________________________________________________________________ REPORTING 7. Sole Dispositive Power PERSON 690,675 WITH: _________________________________________________________________ 8. Shared Dispositive Power NONE ________________________________________________________________________________ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 690,675 ________________________________________________________________________________ 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] ________________________________________________________________________________ 11. Percent of Class Represented by Amount in Row (9) 14.92% ________________________________________________________________________________ 12. Type of Reporting Person (See Instructions) IA ________________________________________________________________________________ CUSIP No. 832156103 13G Page 3 of 5 Pages ________________________________________________________________________________ Item 1(a). Name of Issuer: Smith Midland Corp. ________________________________________________________________________________ Item 1(b). Address of Issuer's Principal Executive Offices: 5119 Catlett Rd., P.O. Box 300, Midland, VA 22728 ________________________________________________________________________________ Item 2(a). Name of Person Filing: AL FRANK ASSET MANAGEMENT, INC. ________________________________________________________________________________ Item 2(b). Address of Principal Business Office, or if None, Residence: 32392 COAST HWY, SUITE 260 LAGUNA BEACH CA 92651 ________________________________________________________________________________ Item 2(c). Citizenship: CALIFORNIA, USA ________________________________________________________________________________ Item 2(d). Title of Class of Securities: COMMON STOCK ________________________________________________________________________________ Item 2(e). CUSIP Number: 832156103 ________________________________________________________________________________ ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 690,675 (b) Percent of class: 14.92% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 559,113 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 690,675 (iv) Shared power to dispose or to direct the disposition of 0 INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security SEE ss.240.13d3(d)(1). -------------------------------------------------------------------------------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. ------------------------------------------------------------------------------- ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. -------------------------------------------------------------------------------- ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. -------------------------------------------------------------------------------- ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. -------------------------------------------------------------------------------- ITEM 9. NOTICE OF DISSOLUTION OF GROUP. -------------------------------------------------------------------------------- ITEM 10. CERTIFICATIONS. (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 13, 2008 ---------------------------------------- (Date) JOHN BUCKINGHAM ---------------------------------------- (Signature) JOHN BUCKINGHAM CEO & CHIEF INVESTMENT OFFICER ---------------------------------------- (Name/Title) Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). 5