Southland (NASDAQ:SLND) Trading Down 2% – Should You Sell?

Shares of Southland Holdings, Inc. (NASDAQ:SLND) traded down 2% on Monday . The stock traded as low as $0.8821 and last traded at $0.9450. 104,109 shares were traded during trading, a decline of 8% from the average session volume of 112,814 shares. The stock had previously closed at $0.9640.

Southland Trading Down 2.0%

The stock has a market capitalization of $51.14 million, a price-to-earnings ratio of -0.42 and a beta of 1.30. The company’s 50-day moving average is $2.15 and its 200-day moving average is $3.38. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00.

Institutional Trading of Southland

A number of hedge funds and other institutional investors have recently made changes to their positions in SLND. Strs Ohio purchased a new stake in shares of Southland during the 3rd quarter valued at approximately $57,000. AQR Capital Management LLC acquired a new stake in Southland during the first quarter worth $42,000. Rhumbline Advisers increased its stake in Southland by 49.3% during the first quarter. Rhumbline Advisers now owns 14,080 shares of the company’s stock worth $42,000 after acquiring an additional 4,649 shares during the last quarter. Thompson Davis & CO. Inc. raised its position in Southland by 40.0% in the second quarter. Thompson Davis & CO. Inc. now owns 17,500 shares of the company’s stock valued at $73,000 after purchasing an additional 5,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Southland in the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 2.85% of the company’s stock.

Southland Company 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. 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.