Palogic Value Management L.P. Sells 82,010 Shares of Southland Holdings, Inc. (NASDAQ:SLND)

Palogic Value Management L.P. reduced its holdings in Southland Holdings, Inc. (NASDAQ:SLND - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,289,893 shares of the company's stock after selling 82,010 shares during the quarter. Southland comprises 0.1% of Palogic Value Management L.P.'s portfolio, making the stock its 12th biggest holding. Palogic Value Management L.P. owned approximately 2.39% of Southland worth $4,505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLND. Raymond James Financial Inc. bought a new stake in shares of Southland in the fourth quarter valued at about $4,157,000. Verus Capital Partners LLC lifted its stake in Southland by 573.9% during the fourth quarter. Verus Capital Partners LLC now owns 626,684 shares of the company's stock worth $2,037,000 after purchasing an additional 533,684 shares during the period. Mariner LLC bought a new position in Southland during the fourth quarter worth about $141,000. WINTON GROUP Ltd bought a new position in Southland during the fourth quarter worth about $95,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Southland by 43.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 80,913 shares of the company's stock worth $263,000 after purchasing an additional 24,681 shares during the period. 2.85% of the stock is owned by institutional investors and hedge funds.

Southland Price Performance

SLND traded up $0.11 during midday trading on Friday, reaching $3.88. 34,624 shares of the company's stock were exchanged, compared to its average volume of 48,544. The firm has a market capitalization of $209.39 million, a price-to-earnings ratio of -1.74 and a beta of 0.63. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.00. Southland Holdings, Inc. has a one year low of $1.85 and a one year high of $5.95. The business has a 50-day simple moving average of $3.33 and a two-hundred day simple moving average of $3.29.

Southland 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.