Andrew Sims Sells 30,000 Shares of Sotherly Hotels Inc. (NASDAQ:SOHO) Stock

Sotherly Hotels Inc. (NASDAQ:SOHOGet Rating) Chairman Andrew Sims sold 30,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $2.14, for a total transaction of $64,200.00. Following the completion of the sale, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $42,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Sotherly Hotels Stock Performance

Sotherly Hotels stock opened at $2.04 on Thursday. Sotherly Hotels Inc. has a 52-week low of $1.48 and a 52-week high of $3.11. The company has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $2.06. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.57.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SOHO shares. Piper Sandler cut their price target on shares of Sotherly Hotels to $2.00 in a report on Monday, July 4th. StockNews.com started coverage on shares of Sotherly Hotels in a report on Sunday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Sotherly Hotels

A number of large investors have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Sotherly Hotels by 69.3% during the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 7,345 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Sotherly Hotels during the 2nd quarter valued at about $38,000. Renaissance Technologies LLC boosted its position in shares of Sotherly Hotels by 26.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 12,932 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Sotherly Hotels by 7.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 834,297 shares of the real estate investment trust’s stock valued at $1,452,000 after acquiring an additional 54,955 shares during the last quarter. Finally, PSI Advisors LLC boosted its position in shares of Sotherly Hotels by 9.2% during the 2nd quarter. PSI Advisors LLC now owns 82,075 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 6,905 shares during the last quarter. Hedge funds and other institutional investors own 16.19% of the company’s stock.

About Sotherly Hotels

(Get Rating)

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.

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