Palogic Value Management L.P. Sells 132,847 Shares of Southland Holdings, Inc. $SLND

Palogic Value Management L.P. cut its position in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,119,313 shares of the company’s stock after selling 132,847 shares during the period. Southland accounts for about 1.9% of Palogic Value Management L.P.’s investment portfolio, making the stock its 9th largest position. Palogic Value Management L.P.’s holdings in Southland were worth $4,713,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Southland by 28.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 103,917 shares of the company’s stock worth $311,000 after buying an additional 23,004 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Southland in the first quarter valued at approximately $42,000. Nuveen LLC bought a new stake in Southland in the first quarter worth approximately $39,000. Goldman Sachs Group Inc. increased its stake in shares of 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. Finally, Rhumbline Advisers increased its stake in shares of Southland by 49.3% during the 1st 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. Institutional investors own 2.85% of the company’s stock.

Southland Stock Performance

Shares of SLND opened at $4.47 on Friday. The company’s fifty day moving average is $4.37 and its 200-day moving average is $4.10. Southland Holdings, Inc. has a 12 month low of $1.85 and a 12 month high of $4.90. The firm has a market cap of $241.89 million, a price-to-earnings ratio of -2.00 and a beta of 0.96. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $4.00 price target on shares of Southland in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

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.