Southland (NASDAQ:SLND) COO Purchases $42,890.19 in Stock

Southland Holdings, Inc. (NASDAQ:SLND) COO Walter Timothy Winn purchased 29,177 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average price of $1.47 per share, for a total transaction of $42,890.19. Following the completion of the transaction, the chief operating officer owned 1,950,721 shares in the company, valued at $2,867,559.87. The trade was a 1.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Southland Price Performance

SLND stock traded down $0.07 during midday trading on Thursday, reaching $1.30. 227,811 shares of the company’s stock traded hands, compared to its average volume of 436,907. The company has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $3.00. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. Southland Holdings, Inc. has a 1-year low of $0.65 and a 1-year high of $5.34. The company has a market cap of $70.35 million, a price-to-earnings ratio of -0.58 and a beta of 0.85.

Institutional Trading of Southland

Several hedge funds have recently modified their holdings of SLND. Gendell Jeffrey L lifted its stake in shares of 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 acquiring an additional 653,311 shares during the period. Essex Investment Management Co. LLC bought a new position in Southland in the fourth quarter valued at about $1,579,000. Vanguard Group Inc. increased its position in Southland by 106.7% in the third quarter. Vanguard Group Inc. now owns 623,185 shares of the company’s stock worth $2,673,000 after purchasing an additional 321,678 shares during the period. AWH Capital L.P. raised its holdings in Southland by 141.7% during the 4th quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock worth $1,164,000 after purchasing an additional 205,500 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in Southland during the 4th quarter worth about $510,000. 2.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Zacks Research cut Southland from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $4.00.

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.