Quantbot Technologies LP Has $501,000 Stock Position in Standard Lithium Ltd. $SLI

Quantbot Technologies LP boosted its stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI) by 1,531.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,547 shares of the company’s stock after acquiring an additional 139,439 shares during the period. Quantbot Technologies LP’s holdings in Standard Lithium were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SLI. Meriwether Wealth & Planning LLC raised its holdings in Standard Lithium by 5.1% during the 3rd quarter. Meriwether Wealth & Planning LLC now owns 39,751 shares of the company’s stock worth $134,000 after purchasing an additional 1,930 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Standard Lithium by 23.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 16,350 shares of the company’s stock valued at $55,000 after purchasing an additional 3,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Standard Lithium by 2.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 169,280 shares of the company’s stock worth $570,000 after buying an additional 3,497 shares during the period. MAI Capital Management increased its position in shares of Standard Lithium by 7.7% during the third quarter. MAI Capital Management now owns 61,116 shares of the company’s stock worth $206,000 after buying an additional 4,366 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Standard Lithium by 4.3% during the second quarter. Raymond James Financial Inc. now owns 110,974 shares of the company’s stock worth $218,000 after buying an additional 4,600 shares during the last quarter. Institutional investors and hedge funds own 16.70% of the company’s stock.

Standard Lithium Stock Up 2.4%

Shares of SLI stock opened at $4.30 on Monday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -19.55 and a beta of 1.71. Standard Lithium Ltd. has a 52 week low of $1.08 and a 52 week high of $6.40. The firm has a 50 day moving average of $4.69 and a 200-day moving average of $4.15.

Analysts Set New Price Targets

SLI has been the topic of a number of research analyst reports. Roth Mkm cut their price target on shares of Standard Lithium from $6.00 to $5.50 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. BMO Capital Markets reissued an “outperform” rating on shares of Standard Lithium in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Standard Lithium currently has an average rating of “Buy” and a consensus target price of $5.25.

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.