Koch Inc. acquired a new stake in shares of Standard Lithium Ltd. (NYSE:SLI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,480,083 shares of the company's stock, valued at approximately $19,681,000. Standard Lithium makes up 3.1% of Koch Inc.'s investment portfolio, making the stock its 5th largest position. Koch Inc. owned approximately 7.80% of Standard Lithium at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Lighthouse Investment Partners LLC bought a new stake in Standard Lithium in the 4th quarter valued at approximately $292,000. Renaissance Technologies LLC acquired a new position in shares of Standard Lithium during the 4th quarter worth approximately $964,000. Raymond James Financial Inc. acquired a new position in shares of Standard Lithium during the 4th quarter worth approximately $168,000. Virtu Financial LLC acquired a new position in shares of Standard Lithium during the 4th quarter worth approximately $139,000. Finally, Barclays PLC grew its holdings in Standard Lithium by 25.5% in the 4th quarter. Barclays PLC now owns 100,710 shares of the company's stock valued at $147,000 after buying an additional 20,490 shares in the last quarter. Institutional investors own 16.77% of the company's stock.
Standard Lithium Price Performance
NYSE SLI traded down $0.05 on Thursday, reaching $1.77. The stock had a trading volume of 2,743,528 shares, compared to its average volume of 1,544,586. The firm has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.50. Standard Lithium Ltd. has a 1-year low of $1.07 and a 1-year high of $2.64. The company has a market cap of $343.27 million, a P/E ratio of 3.00 and a beta of 1.61.
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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