Y Intercept Hong Kong Ltd purchased a new stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 342,829 shares of the company's stock, valued at approximately $435,000. Y Intercept Hong Kong Ltd owned approximately 0.18% of Standard Lithium as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in SLI. Raymond James Financial Inc. bought a new stake in Standard Lithium during the fourth quarter valued at $168,000. Commonwealth Equity Services LLC lifted its stake in Standard Lithium by 104.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 128,041 shares of the company's stock worth $187,000 after purchasing an additional 65,291 shares during the last quarter. Virtu Financial LLC bought a new stake in Standard Lithium during the fourth quarter worth about $139,000. LPL Financial LLC lifted its stake in Standard Lithium by 11.2% during the fourth quarter. LPL Financial LLC now owns 85,261 shares of the company's stock worth $124,000 after purchasing an additional 8,584 shares during the last quarter. Finally, Uniting Wealth Partners LLC bought a new stake in shares of Standard Lithium in the 4th quarter valued at about $31,000. 16.77% of the stock is currently owned by hedge funds and other institutional investors.
Standard Lithium Price Performance
Shares of NYSEAMERICAN:SLI traded down $0.08 during midday trading on Friday, hitting $2.29. The company had a trading volume of 1,006,414 shares, compared to its average volume of 1,888,707. The company has a market cap of $444.12 million, a price-to-earnings ratio of -10.41 and a beta of 1.67. Standard Lithium Ltd. has a 12-month low of $1.07 and a 12-month high of $2.95. The company has a fifty day moving average of $2.13 and a two-hundred day moving average of $1.66.
Wall Street Analysts Forecast Growth
Separately, Raymond James Financial assumed coverage on Standard Lithium in a report on Friday, July 11th. They set an "outperform" rating and a $2.75 price target on the stock.
View Our Latest Research Report on SLI
About Standard Lithium
(
Free Report)
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.
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