Andrew Sims Sells 20,000 Shares of Sotherly Hotels Inc. (NASDAQ:SOHO) Stock

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) Chairman Andrew Sims sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $1.98, for a total value of $39,600.00. Following the completion of the transaction, the chairman now owns 1,500 shares of the company’s stock, valued at approximately $2,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sotherly Hotels Trading Up 0.8 %

Shares of NASDAQ SOHO opened at $2.00 on Friday. The firm has a market capitalization of $38.38 million, a PE ratio of 1.43 and a beta of 1.69. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.27. Sotherly Hotels Inc. has a one year low of $1.48 and a one year high of $3.11. The business has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.06.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on SOHO shares. StockNews.com assumed coverage on Sotherly Hotels in a research report on Wednesday. They set a “hold” rating on the stock. TheStreet upgraded Sotherly Hotels from a “d” rating to a “c” rating in a research report on Friday, March 3rd.

Institutional Investors Weigh In On Sotherly Hotels

Several institutional investors have recently made changes to their positions in SOHO. Jane Street Group LLC raised its stake in shares of Sotherly Hotels by 218.4% in the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 24,028 shares in the last quarter. Morgan Stanley raised its stake in shares of Sotherly Hotels by 13.3% in the 4th quarter. Morgan Stanley now owns 74,453 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 8,738 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Sotherly Hotels in the 4th quarter valued at approximately $356,000. Gator Capital Management LLC increased its position in Sotherly Hotels by 151.9% in the 4th quarter. Gator Capital Management LLC now owns 810,250 shares of the real estate investment trust’s stock worth $1,467,000 after buying an additional 488,577 shares during the period. Finally, Bard Associates Inc. increased its position in shares of Sotherly Hotels by 29.1% during the fourth quarter. Bard Associates Inc. now owns 507,661 shares of the real estate investment trust’s stock valued at $919,000 after purchasing an additional 114,550 shares during the period. 21.57% of the stock is currently owned by institutional investors and hedge funds.

About Sotherly Hotels

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Sotherly Hotels, Inc is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

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