International Assets Investment Management LLC Has $463,000 Stock Position in Standard Lithium Ltd. (NYSE:SLI)

International Assets Investment Management LLC lessened its holdings in Standard Lithium Ltd. (NYSE:SLI) by 35.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,550 shares of the company’s stock after selling 165,440 shares during the period. International Assets Investment Management LLC owned about 0.17% of Standard Lithium worth $463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLI. Aristides Capital LLC bought a new stake in Standard Lithium during the 2nd quarter worth approximately $411,000. Renaissance Technologies LLC boosted its position in shares of Standard Lithium by 765.9% during the second quarter. Renaissance Technologies LLC now owns 286,609 shares of the company’s stock valued at $358,000 after buying an additional 253,509 shares during the last quarter. XTX Topco Ltd grew its holdings in Standard Lithium by 18.0% during the third quarter. XTX Topco Ltd now owns 73,429 shares of the company’s stock worth $118,000 after buying an additional 11,177 shares in the last quarter. Compagnie Lombard Odier SCmA raised its position in Standard Lithium by 200.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 300,000 shares of the company’s stock valued at $490,000 after buying an additional 200,000 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Standard Lithium by 3.6% during the 3rd quarter. Stephens Inc. AR now owns 307,524 shares of the company’s stock valued at $495,000 after acquiring an additional 10,635 shares in the last quarter. Institutional investors and hedge funds own 16.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their target price 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 3.5 %

Shares of NYSE SLI opened at $1.64 on Friday. The company has a market capitalization of $283.31 million, a PE ratio of 2.78 and a beta of 1.67. The stock’s 50 day moving average price is $1.69 and its 200-day moving average price is $1.55. Standard Lithium Ltd. has a twelve month low of $1.05 and a twelve month high of $2.64.

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.