Southland (NASDAQ:SLND) Stock Price Down 1.5%

Southland Holdings, Inc. (NASDAQ:SLND) was down 1.5% during trading on Tuesday . The stock traded as low as $4.24 and last traded at $4.45. Approximately 15,764 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 25,816 shares. The stock had previously closed at $4.52.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and issued a $6.00 target price on shares of Southland in a research report on Wednesday, March 6th.

Southland Trading Down 1.5 %

The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.97. The firm has a market cap of $213.64 million, a PE ratio of -10.59 and a beta of -0.27. The company’s 50-day moving average is $4.89 and its 200 day moving average is $5.20.

Southland (NASDAQ:SLND) last released its earnings results on Monday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). Southland had a negative return on equity of 14.55% and a negative net margin of 1.66%. The company had revenue of $316.19 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of Southland by 334.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,277 shares of the company’s stock valued at $27,000 after purchasing an additional 4,061 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Southland by 12.1% during the 4th quarter. Tectonic Advisors LLC now owns 88,250 shares of the company’s stock valued at $455,000 after purchasing an additional 9,515 shares in the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of Southland during the 3rd quarter valued at $73,000. Institutional investors 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.