Bard Associates Inc. Has $381,000 Stake in Sotherly Hotels Inc. (NASDAQ:SOHO)

Bard Associates Inc. decreased its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,625 shares of the real estate investment trust’s stock after selling 39,580 shares during the period. Bard Associates Inc.’s holdings in Sotherly Hotels were worth $381,000 at the end of the most recent quarter.

Separately, Thompson Davis & CO. Inc. lifted its holdings in Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 57,666 shares during the period. Institutional investors and hedge funds own 27.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a report on Tuesday. They set a “hold” rating on the stock.

Sotherly Hotels Price Performance

Shares of NASDAQ SOHO opened at $0.81 on Tuesday. The firm’s 50-day moving average price is $0.87 and its 200-day moving average price is $1.06. Sotherly Hotels Inc. has a 1-year low of $0.78 and a 1-year high of $1.54. The firm has a market capitalization of $16.08 million, a P/E ratio of -2.45 and a beta of 1.53. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

Sotherly Hotels Profile

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.