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

Verus Capital Partners LLC raised its stake in shares of Southland Holdings, Inc. (NASDAQ:SLND) by 573.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 626,684 shares of the company’s stock after purchasing an additional 533,684 shares during the quarter. Verus Capital Partners LLC owned 1.30% of Southland worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Southland by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,235 shares of the company’s stock valued at $737,000 after buying an additional 18,799 shares in the last quarter. Barclays PLC boosted its stake in shares of Southland by 214.0% in the 3rd quarter. Barclays PLC now owns 13,623 shares of the company’s stock valued at $50,000 after purchasing an additional 9,284 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Southland by 212.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,191 shares of the company’s stock worth $71,000 after purchasing an additional 13,043 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Southland in the 3rd quarter worth about $72,000. 2.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut their price target on shares of Southland from $9.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Southland Trading Down 4.9 %

SLND stock opened at $3.09 on Friday. The business has a fifty day moving average price of $3.28 and a 200 day moving average price of $3.42. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.48 and a quick ratio of 1.48. Southland Holdings, Inc. has a fifty-two week low of $1.85 and a fifty-two week high of $6.16. The stock has a market capitalization of $148.65 million, a price-to-earnings ratio of -1.39 and a beta of 0.85.

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.