Van ECK Associates Corp Sells 161,506 Shares of Standard Lithium Ltd. (NYSE:SLI)

Van ECK Associates Corp lessened its holdings in Standard Lithium Ltd. (NYSE:SLI) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,818,045 shares of the company’s stock after selling 161,506 shares during the period. Van ECK Associates Corp owned about 1.63% of Standard Lithium worth $4,115,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gainplan LLC increased its holdings in shares of Standard Lithium by 30.9% during the fourth quarter. Gainplan LLC now owns 28,875 shares of the company’s stock worth $42,000 after buying an additional 6,815 shares in the last quarter. Stephens Inc. AR increased its holdings in Standard Lithium by 3.6% in the 3rd quarter. Stephens Inc. AR now owns 307,524 shares of the company’s stock worth $495,000 after purchasing an additional 10,635 shares in the last quarter. XTX Topco Ltd raised its position in 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 purchasing an additional 11,177 shares during the last quarter. Simmons Bank boosted its stake in shares of Standard Lithium by 29.4% during the third quarter. Simmons Bank now owns 56,476 shares of the company’s stock valued at $91,000 after purchasing an additional 12,840 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Standard Lithium during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 16.77% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Standard Lithium Stock Down 0.7 %

Shares of Standard Lithium stock opened at $1.48 on Thursday. The stock has a market cap of $255.67 million, a price-to-earnings ratio of 2.51 and a beta of 1.67. Standard Lithium Ltd. has a twelve month low of $1.05 and a twelve month high of $2.64. The company’s fifty day moving average is $1.54 and its 200 day moving average is $1.60.

About Standard Lithium

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.