Bard Associates Inc. Has $542,000 Holdings in Sotherly Hotels Inc. (NASDAQ:SOHO)

Bard Associates Inc. decreased its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 448,205 shares of the real estate investment trust’s stock after selling 45,000 shares during the quarter. Bard Associates Inc.’s holdings in Sotherly Hotels were worth $542,000 at the end of the most recent reporting period.

Sotherly Hotels Stock Performance

Shares of SOHO stock opened at $1.09 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.88. Sotherly Hotels Inc. has a 52 week low of $1.03 and a 52 week high of $1.67. The company has a 50-day simple moving average of $1.22 and a 200 day simple moving average of $1.26.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SOHO shares. StockNews.com initiated coverage on Sotherly Hotels in a research report on Tuesday. They set a “hold” rating on the stock. Piper Sandler lowered their target price on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd.

About Sotherly Hotels

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.