Southland (NASDAQ:SLND) Stock Price Down 20.3% – Should You Sell?

Southland Holdings, Inc. (NASDAQ:SLND) shares fell 20.3% during mid-day trading on Monday . The company traded as low as $2.22 and last traded at $2.39. 307,450 shares were traded during mid-day trading, an increase of 277% from the average session volume of 81,523 shares. The stock had previously closed at $3.00.

Southland Stock Down 20.3%

The stock has a market capitalization of $129.33 million, a price-to-earnings ratio of -1.07 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. The stock has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.98.

Institutional Investors Weigh In On Southland

A number of institutional investors have recently added to or reduced their stakes in SLND. AQR Capital Management LLC bought a new position in shares of Southland during the first quarter valued at $42,000. Rhumbline Advisers grew its stake in shares of Southland by 49.3% in the first quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock worth $42,000 after purchasing an additional 4,649 shares during the last quarter. Strs Ohio acquired a new stake in Southland in the third quarter valued at $57,000. Thompson Davis & CO. Inc. increased its holdings in Southland by 40.0% in the second quarter. Thompson Davis & CO. Inc. now owns 17,500 shares of the company’s stock valued at $73,000 after purchasing an additional 5,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Southland by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,613 shares of the company’s stock worth $92,000 after purchasing an additional 4,724 shares during the last quarter. 2.85% of the stock is owned by institutional investors.

About Southland

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.