Millennium Capital Advisors LLC Purchases Shares of 237,050 Standard Lithium Ltd. $SLI

Millennium Capital Advisors LLC purchased a new stake in shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 237,050 shares of the company’s stock, valued at approximately $1,060,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SLI. Jump Financial LLC bought a new stake in Standard Lithium during the second quarter valued at about $43,000. Cerity Partners LLC bought a new stake in Standard Lithium during the second quarter valued at about $44,000. WINTON GROUP Ltd bought a new stake in Standard Lithium during the second quarter valued at about $36,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Standard Lithium by 2.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,607,949 shares of the company’s stock valued at $3,180,000 after acquiring an additional 37,474 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Standard Lithium by 4.3% during the second quarter. Raymond James Financial Inc. now owns 110,974 shares of the company’s stock valued at $218,000 after acquiring an additional 4,600 shares during the period. 16.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Evercore assumed coverage on Standard Lithium in a report on Wednesday, April 29th. They set an “outperform” rating and a $4.75 price target on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Standard Lithium in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $5.13.

Standard Lithium Stock Down 3.5%

Shares of Standard Lithium stock opened at $3.85 on Friday. The firm has a market cap of $936.17 million, a price-to-earnings ratio of -17.50 and a beta of 1.77. The business has a 50-day moving average price of $3.80 and a 200-day moving average price of $4.21. Standard Lithium Ltd. has a twelve month low of $1.49 and a twelve month high of $6.40.

Standard Lithium 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.