Southland (NASDAQ:SLND) Stock Falls 1.5% – Here’s What Happened

Southland Holdings, Inc. (NASDAQ:SLND)’s stock price was down 1.5% during trading on Monday. The stock traded as low as $0.6280 and last traded at $0.66. Approximately 629,094 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 2,828,101 shares. The stock had previously closed at $0.67.

Southland Stock Down 1.8%

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 company has a fifty day simple moving average of $0.63 and a 200-day simple moving average of $0.89. The firm has a market cap of $38.49 million, a P/E ratio of -0.32 and a beta of 0.83.

Institutional Investors Weigh In On Southland

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Palogic Value Management L.P. bought a new stake in shares of Southland during the second quarter valued at approximately $499,000. BlackRock Inc. bought a new position in shares of Southland during the second quarter worth $46,000. GSA Capital Partners LLP purchased a new position in Southland during the second quarter valued at $150,000. Finally, AWH Capital L.P. grew its stake in Southland by 141.7% during the fourth quarter. AWH Capital L.P. now owns 350,500 shares of the company’s stock valued at $1,164,000 after acquiring an additional 205,500 shares in the last quarter. 2.85% of the stock is owned by hedge funds and other institutional investors.

About Southland

Southland Holdings, Inc is an infrastructure construction company that provides specialized services for public and private-sector projects. Its operations focus on heavy civil construction, including transportation, water and wastewater, marine, and industrial infrastructure.

The company’s services include the construction and rehabilitation of bridges, tunnels, highways, rail infrastructure, dams, locks, pipelines, water treatment facilities, and other complex structures. Southland also performs marine construction, including work on docks, piers, ports, and other waterfront infrastructure.

Southland serves customers primarily in the United States and operates through a portfolio of infrastructure construction businesses, including Southland Contracting and American Bridge.