Verus Capital Partners LLC Has $2.04 Million Stake in Southland Holdings, Inc. (NASDAQ:SLND)

Verus Capital Partners LLC lifted its stake in Southland Holdings, Inc. (NASDAQ:SLND) by 573.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 626,684 shares of the company’s stock after purchasing an additional 533,684 shares during the period. Verus Capital Partners LLC’s holdings in Southland were worth $2,037,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SLND. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Southland in the 3rd quarter valued at $72,000. Geode Capital Management LLC boosted its holdings in Southland by 10.4% in the third quarter. Geode Capital Management LLC now owns 199,235 shares of the company’s stock valued at $737,000 after acquiring an additional 18,799 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Southland by 212.2% in the third quarter. JPMorgan Chase & Co. now owns 19,191 shares of the company’s stock valued at $71,000 after acquiring an additional 13,043 shares during the last quarter. Finally, Barclays PLC increased its position in Southland by 214.0% in the third quarter. Barclays PLC now owns 13,623 shares of the company’s stock worth $50,000 after purchasing an additional 9,284 shares during the period. Institutional investors own 2.85% of the company’s stock.

Southland Price Performance

SLND opened at $3.09 on Friday. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $3.42. The firm has a market capitalization of $148.65 million, a PE ratio of -1.39 and a beta of 0.85. Southland Holdings, Inc. has a 52 week low of $1.85 and a 52 week high of $6.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.48 and a current ratio of 1.48.

Analyst Upgrades and Downgrades

Separately, Craig Hallum reduced their target price on shares of Southland from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

About Southland

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.