Tudor Investment Corp ET AL Invests $1.82 Million in Standard Lithium Ltd. $SLI

Key Points

• Tudor Investment Corp ET AL opened a new position in Standard Lithium by buying 538,792 shares in Q3 worth about $1.82 million, representing roughly 0.23% of the company.
• Several other institutions (notably Millennium Management, which increased its stake by 487.3%) also raised positions, bringing total institutional ownership to about 16.7%.
• Analyst sentiment is positive: BMO Capital Markets reiterated an “Outperform” rating, and the consensus across three analysts is a Buy with a $5.25 price target.

Tudor Investment Corp ET AL acquired a new position in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 538,792 shares of the company's stock, valued at approximately $1,816,000. Tudor Investment Corp ET AL owned 0.23% of Standard Lithium as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. XTX Topco Ltd increased its stake in shares of Standard Lithium by 72.0% in the third quarter. XTX Topco Ltd now owns 263,510 shares of the company's stock worth $888,000 after purchasing an additional 110,280 shares during the period. Qube Research & Technologies Ltd bought a new position in Standard Lithium during the third quarter valued at about $317,000. Mercer Global Advisors Inc. ADV increased its stake in Standard Lithium by 12.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 102,990 shares of the company's stock valued at $347,000 after acquiring an additional 11,190 shares during the period. Millennium Management LLC increased its stake in Standard Lithium by 487.3% during the third quarter. Millennium Management LLC now owns 313,556 shares of the company's stock valued at $1,057,000 after acquiring an additional 260,169 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Standard Lithium by 2.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,641,489 shares of the company's stock valued at $5,636,000 after acquiring an additional 33,540 shares during the period. 16.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an "outperform" rating on shares of Standard Lithium in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Standard Lithium has a consensus rating of "Buy" and a consensus price target of $5.25.

Standard Lithium Stock Performance

SLI stock opened at $3.42 on Monday. Standard Lithium Ltd. has a 1-year low of $1.19 and a 1-year high of $6.40. The firm has a market cap of $829.73 million, a P/E ratio of -15.54 and a beta of 1.81. The business's 50 day moving average is $4.05 and its 200-day moving average is $4.28.

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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