GSA Capital Partners LLP Takes $2.51 Million Position in Sigma Lithium Corporation $SGML

Key Points

• GSA Capital Partners LLP acquired 198,541 Sigma Lithium shares worth approximately $2.51 million, representing about 0.18% of the company. Institutional investors collectively own 64.86% of SGML.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and two Sell ratings; the consensus rating is Hold and the average price target is $18.50.
• Sigma Lithium reported weaker-than-expected quarterly results, posting a $0.02 per-share loss versus a $0.23 profit estimate and revenue of $54.70 million versus $68.34 million expected. Shares opened at $11.99, while the company continues developing its Grota do Cirilo lithium project in Brazil.

GSA Capital Partners LLP acquired a new stake in Sigma Lithium Corporation (NASDAQ:SGML - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 198,541 shares of the company's stock, valued at approximately $2,512,000. GSA Capital Partners LLP owned approximately 0.18% of Sigma Lithium at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Sigma Lithium during the fourth quarter worth $51,000. GF Fund Management CO. LTD. acquired a new stake in Sigma Lithium during the fourth quarter worth about $57,000. BTG Pactual Asset Management US LLC purchased a new position in Sigma Lithium during the third quarter worth about $71,000. Quantbot Technologies LP purchased a new position in Sigma Lithium during the third quarter worth about $82,000. Finally, Nebula Research & Development LLC acquired a new position in Sigma Lithium in the 2nd quarter valued at about $87,000. Hedge funds and other institutional investors own 64.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Sigma Lithium from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings cut Sigma Lithium from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday. Finally, Zacks Research lowered Sigma Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.50.

Sigma Lithium Stock Performance

Shares of SGML stock opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 0.32. The firm has a market cap of $1.35 billion, a P/E ratio of -49.96 and a beta of 0.61. The firm's 50 day moving average price is $11.88 and its 200-day moving average price is $13.86. Sigma Lithium Corporation has a one year low of $4.61 and a one year high of $24.48.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.25). The firm had revenue of $54.70 million during the quarter, compared to analysts' expectations of $68.34 million. Sigma Lithium had a negative net margin of 41.84% and a negative return on equity of 57.50%. As a group, equities research analysts predict that Sigma Lithium Corporation will post 1.15 EPS for the current year.

Sigma Lithium Profile

Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.

Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.

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