Titleist Asset Management LLC Takes Position in Standard Lithium Ltd. $SLI

Key Points

• Titleist Asset Management LLC acquired 100,671 shares of Standard Lithium Ltd. for around $128,000, representing approximately 0.05% of the company's equity as of its latest SEC filing.
• Institutional investors and hedge funds now own 16.70% of Standard Lithium's shares, with several firms increasing their stakes significantly in the recent quarters.
• Analysts have rated Standard Lithium with an average of "Strong Buy" and set a consensus target price of $3.58, following price-target adjustments by firms like BMO Capital Markets and Raymond James Financial.

Titleist Asset Management LLC acquired a new position in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,671 shares of the company's stock, valued at approximately $128,000. Titleist Asset Management LLC owned about 0.05% of Standard Lithium as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Koch Inc. purchased a new stake in shares of Standard Lithium in the fourth quarter worth approximately $19,681,000. Concentric Capital Strategies LP bought a new position in shares of Standard Lithium in the fourth quarter valued at approximately $752,000. Compagnie Lombard Odier SCmA grew its holdings in shares of Standard Lithium by 50.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 450,000 shares of the company's stock valued at $574,000 after acquiring an additional 150,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Standard Lithium in the first quarter valued at approximately $435,000. Finally, Alps Advisors Inc. grew its holdings in shares of Standard Lithium by 103.6% in the first quarter. Alps Advisors Inc. now owns 316,244 shares of the company's stock valued at $402,000 after acquiring an additional 160,907 shares in the last quarter. 16.70% of the stock is owned by hedge funds and other institutional investors.

Standard Lithium Stock Performance

NYSEAMERICAN SLI remained flat at $2.87 during mid-day trading on Thursday. 930,187 shares of the company were exchanged, compared to its average volume of 1,864,261. Standard Lithium Ltd. has a 52 week low of $1.08 and a 52 week high of $3.13. The firm has a market cap of $556.61 million, a PE ratio of -13.05 and a beta of 1.71. The business's 50-day moving average price is $2.61 and its two-hundred day moving average price is $1.86.

Analysts Set New Price Targets

SLI has been the subject of several recent analyst reports. BMO Capital Markets raised Standard Lithium to a "strong-buy" rating in a report on Wednesday, August 6th. Raymond James Financial assumed coverage on Standard Lithium in a research report on Friday, July 11th. They set an "outperform" rating and a $2.75 target price on the stock. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Standard Lithium currently has an average rating of "Strong Buy" and an average price target of $3.58.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.