Tower Research Capital LLC TRC increased its stake in Southland Holdings, Inc. (NASDAQ:SLND – Free Report) by 334.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,277 shares of the company’s stock after purchasing an additional 4,061 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Southland were worth $27,000 at the end of the most recent quarter.
Separately, Verus Capital Partners LLC purchased a new position in Southland in the third quarter valued at about $73,000. Institutional investors own 2.85% of the company’s stock.
Southland Price Performance
SLND traded up $0.02 during midday trading on Friday, reaching $4.34. 14,233 shares of the company’s stock were exchanged, compared to its average volume of 27,311. Southland Holdings, Inc. has a 1-year low of $3.84 and a 1-year high of $9.64. The stock has a market capitalization of $208.36 million, a PE ratio of -10.33 and a beta of 0.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50-day moving average price is $4.87 and its 200 day moving average price is $5.17.
Wall Street Analyst Weigh In
Separately, DA Davidson restated a “neutral” rating and issued a $6.00 price target on shares of Southland in a report on Wednesday, March 6th.
Check Out Our Latest Research Report on Southland
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.
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