U S Global Investors Inc. Takes Position in Standard Lithium Ltd. (NYSE:SLI)

U S Global Investors Inc. acquired a new position in shares of Standard Lithium Ltd. (NYSE:SLI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,000 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Standard Lithium by 62.7% in the 3rd quarter. International Assets Investment Management LLC now owns 461,990 shares of the company’s stock valued at $744,000 after purchasing an additional 177,990 shares during the last quarter. XTX Topco Ltd raised its position in shares of Standard Lithium by 18.0% in the third quarter. XTX Topco Ltd now owns 73,429 shares of the company’s stock valued at $118,000 after buying an additional 11,177 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Standard Lithium in the fourth quarter worth $29,000. Stephens Inc. AR raised its position in shares of Standard Lithium by 3.6% in the 3rd quarter. Stephens Inc. AR now owns 307,524 shares of the company’s stock valued at $495,000 after buying an additional 10,635 shares in the last quarter. Finally, Gainplan LLC boosted its holdings in shares of Standard Lithium by 30.9% in the 4th quarter. Gainplan LLC now owns 28,875 shares of the company’s stock valued at $42,000 after purchasing an additional 6,815 shares in the last quarter. Institutional investors and hedge funds own 16.77% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price target on Standard Lithium from $3.90 to $4.40 and gave the stock a “speculative buy” rating in a report on Monday, November 25th.

Standard Lithium Stock Performance

SLI opened at $1.29 on Friday. Standard Lithium Ltd. has a fifty-two week low of $1.05 and a fifty-two week high of $2.64. The firm has a 50-day moving average of $1.53 and a 200 day moving average of $1.61. The firm has a market cap of $222.85 million, a P/E ratio of 2.19 and a beta of 1.67.

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.