Lighthouse Investment Partners LLC Buys Shares of 200,000 Standard Lithium Ltd. (NYSE:SLI)

Lighthouse Investment Partners LLC purchased a new stake in Standard Lithium Ltd. (NYSE:SLI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Standard Lithium during the 4th quarter valued at about $964,000. Koch Inc. purchased a new stake in shares of Standard Lithium in the fourth quarter valued at about $29,951,000. Raymond James Financial Inc. purchased a new position in shares of Standard Lithium during the 4th quarter worth approximately $168,000. Virtu Financial LLC purchased a new position in shares of Standard Lithium during the 4th quarter worth approximately $139,000. Finally, Barclays PLC lifted its stake 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. Hedge funds and other institutional investors own 16.77% of the company’s stock.

Standard Lithium Stock Performance

SLI stock opened at $1.62 on Friday. The stock’s 50 day moving average price is $1.37 and its 200 day moving average price is $1.54. The firm has a market cap of $314.18 million, a P/E ratio of 2.75 and a beta of 1.61. Standard Lithium Ltd. has a 1 year low of $1.07 and a 1 year high of $2.64.

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.