BlackRock Inc. Makes New Investment in Standard Lithium Ltd. $SLI

Key Points

• BlackRock purchased 417,889 shares of Standard Lithium in the second quarter, valued at approximately $1.15 million, giving it a 0.17% stake.
• Several other institutional investors recently increased or initiated positions, and institutional ownership now stands at 16.70% of the company.
• Standard Lithium shares opened at $2.42, while analysts maintain a “Moderate Buy” consensus with an average price target of $5.16; Jefferies initiated coverage with a Hold rating and a $2.90 target.

BlackRock Inc. purchased a new position in shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 417,889 shares of the company's stock, valued at approximately $1,149,000. BlackRock Inc. owned about 0.17% of Standard Lithium at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SLI. Van ECK Associates Corp purchased a new position in shares of Standard Lithium during the 4th quarter valued at about $69,461,000. Encompass Capital Advisors LLC purchased a new stake in Standard Lithium in the 4th quarter worth approximately $36,000,000. Invesco Ltd. increased its holdings in Standard Lithium by 15.2% in the 3rd quarter. Invesco Ltd. now owns 2,517,414 shares of the company's stock worth $8,484,000 after acquiring an additional 331,995 shares in the last quarter. Burkehill Global Management LP bought a new stake in Standard Lithium during the 4th quarter worth approximately $8,940,000. Finally, Amundi raised its stake in Standard Lithium by 64.9% during the 1st quarter. Amundi now owns 1,779,555 shares of the company's stock worth $6,068,000 after acquiring an additional 700,555 shares during the period. Institutional investors own 16.70% of the company's stock.

Standard Lithium Stock Performance

Shares of SLI opened at $2.42 on Monday. The business's 50 day moving average is $2.38 and its 200 day moving average is $3.31. Standard Lithium Ltd. has a 12-month low of $1.91 and a 12-month high of $6.40. The company has a market capitalization of $596.31 million, a PE ratio of -12.10 and a beta of 1.89.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on shares of Standard Lithium in a research report on Wednesday. They issued a "hold" rating and a $2.90 price target for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $5.16.

Standard Lithium Company Profile

Standard Lithium NYSEAMERICAN: SLI is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium's technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company's flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.

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