Alps Advisors Inc. Has $402,000 Stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI)

Alps Advisors Inc. grew its stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) by 103.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 316,244 shares of the company's stock after buying an additional 160,907 shares during the quarter. Alps Advisors Inc. owned 0.16% of Standard Lithium worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SLI. Uniting Wealth Partners LLC purchased a new position in shares of Standard Lithium in the 4th quarter valued at about $31,000. Envestnet Asset Management Inc. purchased a new stake in Standard Lithium during the 4th quarter worth approximately $37,000. Sowell Financial Services LLC purchased a new stake in Standard Lithium during the 1st quarter worth approximately $35,000. Naviter Wealth LLC purchased a new stake in Standard Lithium during the 1st quarter worth approximately $36,000. Finally, Hartree Partners LP purchased a new stake in Standard Lithium during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 16.77% of the company's stock.

Standard Lithium Price Performance

Shares of NYSEAMERICAN SLI traded down $0.09 during mid-day trading on Wednesday, hitting $2.67. The company had a trading volume of 1,599,081 shares, compared to its average volume of 1,896,419. The company has a market capitalization of $517.82 million, a PE ratio of -12.14 and a beta of 1.67. The business's 50-day simple moving average is $1.88 and its 200 day simple moving average is $1.59. Standard Lithium Ltd. has a 1-year low of $1.07 and a 1-year high of $2.95.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial initiated coverage on Standard Lithium in a report on Friday, July 11th. They set an "outperform" rating and a $2.75 target price on the stock.

Standard Lithium Profile

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.