Gainplan LLC Raises Stock Holdings in Standard Lithium Ltd. (NYSE:SLI)

Gainplan LLC grew its stake in shares of Standard Lithium Ltd. (NYSE:SLI) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,875 shares of the company’s stock after buying an additional 6,815 shares during the period. Gainplan LLC’s holdings in Standard Lithium were worth $42,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MBA Advisors LLC bought a new stake in Standard Lithium during the third quarter valued at about $37,000. XTX Topco Ltd purchased a new stake in shares of Standard Lithium during the second quarter worth about $78,000. Nwam LLC bought a new stake in Standard Lithium during the 3rd quarter valued at approximately $80,000. Simmons Bank lifted its holdings in Standard Lithium by 29.4% in the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock worth $91,000 after purchasing an additional 12,840 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Standard Lithium by 765.9% in the 2nd quarter. Renaissance Technologies LLC now owns 286,609 shares of the company’s stock worth $358,000 after purchasing an additional 253,509 shares during the period. 16.77% of the stock is currently owned by institutional investors.

Standard Lithium Stock Down 6.7 %

Shares of SLI stock opened at $1.53 on Tuesday. The stock has a market cap of $264.31 million, a P/E ratio of 2.59 and a beta of 1.67. The company’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $1.56. Standard Lithium Ltd. has a 52 week low of $1.05 and a 52 week high of $2.64.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on shares of Standard Lithium from $3.90 to $4.40 and gave the company a “speculative buy” rating in a research report on Monday, November 25th.

Standard Lithium 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.