Southland (NASDAQ:SLND) Shares Down 1.9% – What’s Next?

Southland Holdings, Inc. (NASDAQ:SLND)’s share price fell 1.9% during trading on Tuesday . The stock traded as low as $1.02 and last traded at $1.05. 105,025 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 292,697 shares. The stock had previously closed at $1.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Southland from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.00.

Southland Stock Up 3.9%

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.00. The business has a 50-day moving average price of $1.16 and a 200-day moving average price of $1.92. The firm has a market cap of $58.01 million, a P/E ratio of -0.48 and a beta of 0.59.

Insider Activity

In other news, COO Walter Timothy Winn purchased 29,177 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were acquired at an average price of $1.47 per share, with a total value of $42,890.19. Following the transaction, the chief operating officer owned 1,950,721 shares of the company’s stock, valued at $2,867,559.87. This represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 73.40% of the company’s stock.

Institutional Investors Weigh In On Southland

A number of institutional investors have recently added to or reduced their stakes in the stock. AWH Capital L.P. boosted its position in Southland by 141.7% during the fourth quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock valued at $1,164,000 after purchasing an additional 205,500 shares in the last quarter. Gendell Jeffrey L boosted its position in Southland by 52.4% during the fourth quarter. Gendell Jeffrey L now owns 1,899,940 shares of the company’s stock valued at $6,308,000 after purchasing an additional 653,311 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Southland during the fourth quarter valued at about $1,579,000. State Street Corp boosted its position in Southland by 14.7% during the fourth quarter. State Street Corp now owns 59,003 shares of the company’s stock valued at $196,000 after purchasing an additional 7,563 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Southland by 69.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 43,815 shares of the company’s stock valued at $145,000 after purchasing an additional 17,888 shares in the last quarter. Institutional investors own 2.85% of the company’s stock.

Southland Company 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. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels.