Tectonic Advisors LLC Raises Holdings in Southland Holdings, Inc. (NASDAQ:SLND)

Tectonic Advisors LLC increased its position in Southland Holdings, Inc. (NASDAQ:SLND) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 103,253 shares of the company’s stock after acquiring an additional 5,692 shares during the quarter. Tectonic Advisors LLC owned about 0.21% of Southland worth $382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. purchased a new position in shares of Southland in the second quarter worth about $6,813,000. Renaissance Technologies LLC grew its stake in Southland by 111.8% in the 2nd quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock valued at $147,000 after buying an additional 16,999 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Southland during the 2nd quarter valued at $99,000. Rhumbline Advisers lifted its position in shares of Southland by 125.3% during the second quarter. Rhumbline Advisers now owns 9,209 shares of the company’s stock worth $42,000 after acquiring an additional 5,122 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Southland by 62.9% in the first quarter. Kennedy Capital Management LLC now owns 71,781 shares of the company’s stock worth $370,000 after acquiring an additional 27,713 shares during the period. 2.85% of the stock is currently owned by institutional investors.

Southland Stock Performance

NASDAQ:SLND opened at $3.15 on Friday. The business’s fifty day moving average is $3.77 and its 200 day moving average is $4.29. The firm has a market cap of $151.28 million, a price-to-earnings ratio of -9.84 and a beta of 0.54. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.27 and a current ratio of 1.27. Southland Holdings, Inc. has a 52-week low of $3.12 and a 52-week high of $6.35.

Southland (NASDAQ:SLND) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.98). Southland had a negative net margin of 4.13% and a negative return on equity of 19.24%. The company had revenue of $251.51 million for the quarter.

Southland Profile

Southland Holdings, Inc engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling.