Insider Selling: Sotherly Hotels Inc. (NASDAQ:SOHO) Chairman Sells $39,600.00 in Stock

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) Chairman Andrew Sims sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $1.98, for a total transaction of $39,600.00. Following the completion of the sale, the chairman now owns 1,500 shares of the company’s stock, valued at approximately $2,970. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sotherly Hotels Stock Performance

Shares of SOHO opened at $2.00 on Friday. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $38.38 million, a P/E ratio of 1.43 and a beta of 1.69. The company’s fifty day moving average is $2.20 and its two-hundred day moving average is $2.05. Sotherly Hotels Inc. has a 1 year low of $1.48 and a 1 year high of $3.11.

Hedge Funds Weigh In On Sotherly Hotels

Several institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its stake in shares of Sotherly Hotels by 32.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,108,044 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 273,747 shares during the period. JW Cole Advisors Inc. grew its stake in shares of Sotherly Hotels by 65.6% during the 3rd quarter. JW Cole Advisors Inc. now owns 49,750 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 19,700 shares during the period. Seneca House Advisors acquired a new position in shares of Sotherly Hotels during the 3rd quarter worth $68,000. Jane Street Group LLC grew its stake in shares of Sotherly Hotels by 218.4% during the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 24,028 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Sotherly Hotels during the 1st quarter worth $55,000. 21.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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Several analysts recently commented on SOHO shares. TheStreet upgraded shares of Sotherly Hotels from a “d” rating to a “c” rating in a research report on Friday, March 3rd. StockNews.com started coverage on shares of Sotherly Hotels in a research report on Wednesday. They issued a “hold” rating for the company.

Sotherly Hotels Company Profile

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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.