Rudolph V. Renda Purchases 2,389 Shares of Southland Holdings, Inc. (NASDAQ:SLND) Stock

Southland Holdings, Inc. (NASDAQ:SLND – Get Rating) COO Rudolph V. Renda acquired 2,389 shares of Southland stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $8.80 per share, for a total transaction of $21,023.20. Following the completion of the purchase, the chief operating officer now directly owns 3,881,100 shares in the company, valued at $34,153,680. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Southland Stock Performance

NASDAQ SLND opened at $8.67 on Friday. Southland Holdings, Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $11.14. The business has a 50 day moving average of $7.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.75 and a quick ratio of 1.75.

Wall Street Analyst Weigh In

Separately, Craig Hallum started coverage on Southland in a research note on Tuesday, April 4th. They issued a “buy” rating and a $14.00 price objective on the stock.

Hedge Funds Weigh In On Southland

Institutional investors and hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new position in shares of Southland during the 1st quarter valued at approximately $578,000. HRT Financial LP acquired a new stake in shares of Southland during the 1st quarter valued at approximately $97,000. Squarepoint Ops LLC acquired a new stake in shares of Southland during the 1st quarter valued at approximately $150,000. Finally, State Street Corp acquired a new stake in shares of Southland during the 1st quarter valued at approximately $134,000.

About Southland

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Southland Holdings Inc is a provider of specialized infrastructure construction services principally in North America including bridges, tunneling, transportation and facilities, marine, steel structures, water and wastewater treatment and water pipeline end markets. Southland Holdings Inc is headquartered in Grapevine, Texas.