Walter Timothy Winn Acquires 29,177 Shares of Southland (NASDAQ:SLND) Stock

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

Southland Trading Down 5.1%

NASDAQ SLND traded down $0.07 during trading hours on Thursday, hitting $1.30. The company’s stock had a trading volume of 227,811 shares, compared to its average volume of 436,907. Southland Holdings, Inc. has a twelve month low of $0.65 and a twelve month high of $5.34. The firm has a market capitalization of $70.35 million, a P/E ratio of -0.58 and a beta of 0.85. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. The stock has a fifty day moving average of $1.38 and a 200 day moving average of $3.00.

Institutional Investors Weigh In On Southland

Several hedge funds have recently bought and sold shares of SLND. Gendell Jeffrey L raised its position 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 worth $6,308,000 after purchasing an additional 653,311 shares during the period. Essex Investment Management Co. LLC bought a new stake in Southland in the 4th quarter valued at $1,579,000. Vanguard Group Inc. boosted its stake in Southland by 106.7% in the 3rd 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. increased 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 in the last quarter. Finally, Legato Capital Management LLC bought a new position in Southland during the 4th quarter worth about $510,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Southland from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Southland currently has an average 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.