Van ECK Associates Corp Sells 32,325 Shares of Standard Lithium Ltd. (NYSE:SLI)

Van ECK Associates Corp decreased its position in shares of Standard Lithium Ltd. (NYSE:SLI) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,979,551 shares of the company’s stock after selling 32,325 shares during the period. Van ECK Associates Corp owned approximately 1.72% of Standard Lithium worth $4,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SLI. Tidal Investments LLC bought a new position in Standard Lithium during the first quarter valued at $363,000. Legacy Capital Wealth Partners LLC bought a new position in shares of Standard Lithium in the second quarter worth about $74,000. Renaissance Technologies LLC grew its holdings in shares of Standard Lithium by 765.9% in the second quarter. Renaissance Technologies LLC now owns 286,609 shares of the company’s stock worth $358,000 after purchasing an additional 253,509 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Standard Lithium in the second quarter worth about $78,000. Finally, Aristides Capital LLC bought a new position in shares of Standard Lithium in the second quarter worth about $411,000. Institutional investors own 16.77% of the company’s stock.

Standard Lithium Trading Down 6.1 %

NYSE SLI opened at $2.15 on Friday. The business has a 50-day moving average of $1.75. The company has a market capitalization of $371.41 million, a PE ratio of 3.76 and a beta of 1.79. Standard Lithium Ltd. has a 12 month low of $1.05 and a 12 month high of $2.86.

Standard Lithium (NYSE:SLI) last posted its quarterly earnings results on Tuesday, September 24th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Research analysts forecast that Standard Lithium Ltd. will post -0.05 earnings per share for the current year.

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.