Verus Capital Partners LLC Makes New $344,000 Investment in Southland Holdings, Inc. (NASDAQ:SLND)

Verus Capital Partners LLC bought a new position in Southland Holdings, Inc. (NASDAQ:SLND) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 93,000 shares of the company’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. acquired a new position in shares of Southland in the second quarter worth about $6,813,000. Tectonic Advisors LLC boosted its holdings in shares of Southland by 5.8% during the third quarter. Tectonic Advisors LLC now owns 103,253 shares of the company’s stock worth $382,000 after purchasing an additional 5,692 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Southland by 62.9% during the first quarter. Kennedy Capital Management LLC now owns 71,781 shares of the company’s stock worth $370,000 after purchasing an additional 27,713 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Southland by 111.8% during the second quarter. Renaissance Technologies LLC now owns 32,200 shares of the company’s stock worth $147,000 after purchasing an additional 16,999 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Southland during the second quarter worth approximately $99,000. 2.85% of the stock is currently owned by institutional investors and hedge funds.

Southland Stock Performance

SLND stock opened at $2.51 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $120.76 million, a P/E ratio of -1.13 and a beta of 0.76. The firm has a 50 day simple moving average of $3.52 and a 200 day simple moving average of $4.14. Southland Holdings, Inc. has a 52 week low of $1.85 and a 52 week high of $6.35.

Southland (NASDAQ:SLND) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($1.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($1.05). The company had revenue of $173.32 million for the quarter. Southland had a negative return on equity of 43.46% and a negative net margin of 10.38%.

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.