Walleye Capital LLC grew its position in Standard Lithium Ltd. (NYSEAMERICAN:SLI – Free Report) by 49.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 733,391 shares of the company’s stock after buying an additional 244,115 shares during the period. Walleye Capital LLC’s holdings in Standard Lithium were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in shares of Standard Lithium during the third quarter valued at approximately $26,000. Bank of America Corp DE boosted its position in shares of Standard Lithium by 64.4% during the second quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock worth $30,000 after buying an additional 6,040 shares during the period. WINTON GROUP Ltd bought a new position in Standard Lithium in the 2nd quarter worth approximately $36,000. Stone House Investment Management LLC grew its holdings in Standard Lithium by 734.3% in the 4th quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock worth $37,000 after buying an additional 7,343 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Standard Lithium in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 16.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Evercore assumed coverage on Standard Lithium in a research note on Wednesday, April 29th. They set an “outperform” rating and a $4.75 target price on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Lithium presently has an average rating of “Buy” and an average target price of $5.92.
Standard Lithium Stock Down 5.7%
Shares of SLI opened at $2.17 on Friday. The firm has a market capitalization of $534.69 million, a PE ratio of -9.86 and a beta of 1.80. The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $3.85. Standard Lithium Ltd. has a 52-week low of $2.08 and a 52-week high of $6.40.
Standard Lithium (NYSEAMERICAN:SLI – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. On average, equities analysts expect that Standard Lithium Ltd. will post -0.06 EPS for the current year.
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.
Featured Articles
- Five stocks we like better than Standard Lithium
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Want to see what other hedge funds are holding SLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standard Lithium Ltd. (NYSEAMERICAN:SLI – Free Report).
Receive News & Ratings for Standard Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Lithium and related companies with MarketBeat.com's FREE daily email newsletter.
