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

Southland Holdings, Inc. (NASDAQ:SLND)’s stock price traded down 1.9% 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.

Analyst Ratings Changes

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

Southland Stock Down 1.9%

The firm has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.95. The firm has a market cap of $56.93 million, a price-to-earnings ratio of -0.47 and a beta of 0.59. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48.

Insider Transactions at Southland

In other Southland news, COO Walter Timothy Winn purchased 29,177 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was acquired at an average price of $1.47 per share, with a total value of $42,890.19. Following the acquisition, the chief operating officer directly owned 1,950,721 shares of the company’s stock, valued at $2,867,559.87. This trade represents a 1.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 73.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Southland

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Southland during the 2nd quarter valued at $103,000. Dimensional Fund Advisors LP lifted its holdings in Southland by 69.0% during the 4th 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 during the last quarter. National Bank of Canada FI acquired a new stake in Southland during the 3rd quarter valued at $515,000. Gendell Jeffrey L lifted its holdings in Southland by 52.4% during the 4th 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 during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Southland by 106.7% during the 3rd quarter. Vanguard Group Inc. now owns 623,185 shares of the company’s stock valued at $2,673,000 after purchasing an additional 321,678 shares during the last quarter. Institutional investors and hedge funds own 2.85% of the company’s stock.

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.