Alps Advisors Inc. grew its position in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) by 103.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,244 shares of the company's stock after acquiring an additional 160,907 shares during the quarter. Alps Advisors Inc. owned about 0.16% of Standard Lithium worth $402,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Koch Inc. purchased a new position in shares of Standard Lithium in the 4th quarter valued at approximately $29,951,000. Renaissance Technologies LLC purchased a new position in Standard Lithium during the 4th quarter worth approximately $964,000. Concentric Capital Strategies LP purchased a new position in Standard Lithium during the 4th quarter worth approximately $752,000. Lighthouse Investment Partners LLC purchased a new position in Standard Lithium during the 4th quarter worth approximately $292,000. Finally, Tidal Investments LLC raised its position in Standard Lithium by 303.0% during the 4th quarter. Tidal Investments LLC now owns 251,666 shares of the company's stock worth $367,000 after buying an additional 189,213 shares during the last quarter. Hedge funds and other institutional investors own 16.77% of the company's stock.
Wall Street Analyst Weigh In
Separately, Raymond James Financial assumed coverage on shares of Standard Lithium in a report on Friday, July 11th. They set an "outperform" rating and a $2.75 target price for the company.
Check Out Our Latest Report on SLI
Standard Lithium Price Performance
Shares of Standard Lithium stock traded up $0.09 on Friday, reaching $2.70. 1,277,785 shares of the company were exchanged, compared to its average volume of 1,907,581. The stock's 50 day moving average price is $1.91 and its 200-day moving average price is $1.60. The company has a market cap of $523.64 million, a P/E ratio of -12.27 and a beta of 1.67. Standard Lithium Ltd. has a 1-year low of $1.07 and a 1-year high of $2.95.
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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