Koch Inc. Takes Position in Standard Lithium Ltd. (NYSE:SLI)

Koch Inc. bought a new position in Standard Lithium Ltd. (NYSE:SLI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,480,083 shares of the company's stock, valued at approximately $19,681,000. Standard Lithium comprises 3.1% of Koch Inc.'s portfolio, making the stock its 5th largest holding. Koch Inc. owned about 7.80% of Standard Lithium at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lighthouse Investment Partners LLC bought a new stake in Standard Lithium in the 4th quarter worth about $292,000. Renaissance Technologies LLC bought a new stake in Standard Lithium in the 4th quarter worth about $964,000. Raymond James Financial Inc. bought a new stake in Standard Lithium in the 4th quarter worth about $168,000. Virtu Financial LLC bought a new stake in Standard Lithium in the 4th quarter worth about $139,000. Finally, Barclays PLC grew its position in Standard Lithium by 25.5% in the 4th quarter. Barclays PLC now owns 100,710 shares of the company's stock worth $147,000 after purchasing an additional 20,490 shares in the last quarter. Institutional investors and hedge funds own 16.77% of the company's stock.

Standard Lithium Stock Down 6.8%

SLI stock traded down $0.12 during trading on Friday, reaching $1.65. The stock had a trading volume of 2,842,873 shares, compared to its average volume of 1,553,549. Standard Lithium Ltd. has a one year low of $1.07 and a one year high of $2.64. The company's 50 day moving average is $1.45 and its two-hundred day moving average is $1.49. The company has a market capitalization of $320.00 million, a price-to-earnings ratio of 2.80 and a beta of 1.61.

Standard Lithium Company 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.