Southland Holdings, Inc. $SLND Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. trimmed its holdings in 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. The fund owned 1,119,313 shares of the company’s stock after selling 132,847 shares during the quarter. Southland accounts for about 1.9% of Palogic Value Management L.P.’s portfolio, making the stock its 9th biggest holding. Palogic Value Management L.P. owned 2.07% of Southland worth $4,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Southland during the 1st quarter worth about $39,000. Charles Schwab Investment Management Inc. raised its holdings in Southland by 28.4% during the 1st 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 period. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 4,724 shares during the period. Rhumbline Advisers raised its holdings in Southland by 49.3% during the 1st quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock worth $42,000 after buying an additional 4,649 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Southland during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 2.85% of the company’s stock.

Analysts Set New Price Targets

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

Southland Stock Performance

SLND stock opened at $4.47 on Friday. The firm has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $4.10. Southland Holdings, Inc. has a 52 week low of $1.85 and a 52 week high of $4.90. The stock has a market cap of $241.89 million, a P/E ratio of -2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48.

Southland Profile

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.