Principal Securities Inc. Invests $37,000 in Standard Lithium Ltd. (NYSE:SLI)

Principal Securities Inc. purchased a new stake in shares of Standard Lithium Ltd. (NYSE:SLI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,556 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also bought and sold shares of SLI. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Standard Lithium during the fourth quarter valued at approximately $29,000. Gainplan LLC increased its position in Standard Lithium by 30.9% during the 4th quarter. Gainplan LLC now owns 28,875 shares of the company’s stock valued at $42,000 after buying an additional 6,815 shares in the last quarter. Nwam LLC purchased a new position in Standard Lithium during the third quarter valued at $80,000. Simmons Bank boosted its holdings in Standard Lithium by 29.4% in the third quarter. Simmons Bank now owns 56,476 shares of the company’s stock worth $91,000 after acquiring an additional 12,840 shares in the last quarter. Finally, XTX Topco Ltd grew its stake 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 worth $118,000 after acquiring an additional 11,177 shares during the last quarter. Institutional investors own 16.77% of the company’s stock.

Standard Lithium Stock Up 0.8 %

NYSE:SLI opened at $1.30 on Friday. The stock has a market cap of $224.58 million, a price-to-earnings ratio of 2.20 and a beta of 1.67. The company’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.61. Standard Lithium Ltd. has a 52 week low of $1.05 and a 52 week high of $2.64.

Analyst Ratings Changes

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

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.