Tidal Investments LLC increased its position in shares of Standard Lithium Ltd. (NYSE:SLI - Free Report) by 303.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 251,666 shares of the company's stock after buying an additional 189,213 shares during the quarter. Tidal Investments LLC owned 0.15% of Standard Lithium worth $367,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC bought a new position in shares of Standard Lithium during the fourth quarter worth about $29,000. Uniting Wealth Partners LLC acquired a new position in Standard Lithium during the fourth quarter valued at approximately $31,000. Principal Securities Inc. acquired a new position in Standard Lithium during the fourth quarter valued at approximately $37,000. Envestnet Asset Management Inc. acquired a new position in Standard Lithium during the fourth quarter valued at approximately $37,000. Finally, Meriwether Wealth & Planning LLC acquired a new position in Standard Lithium during the fourth quarter valued at approximately $47,000. 16.77% of the stock is currently owned by institutional investors.
Standard Lithium Stock Performance
NYSE SLI traded up $0.03 during trading hours on Wednesday, hitting $1.60. 2,336,090 shares of the company traded hands, compared to its average volume of 1,579,982. The business's 50-day moving average is $1.46 and its 200-day moving average is $1.49. Standard Lithium Ltd. has a twelve month low of $1.07 and a twelve month high of $2.64. The stock has a market capitalization of $310.30 million, a price-to-earnings ratio of 2.71 and a beta of 1.61.
Standard Lithium Profile
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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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