Quantbot Technologies LP Buys 139,439 Shares of Standard Lithium Ltd. $SLI

Quantbot Technologies LP lifted its stake in shares of Standard Lithium Ltd. (NYSEAMERICAN:SLI) by 1,531.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,547 shares of the company’s stock after buying an additional 139,439 shares during the period. Quantbot Technologies LP owned about 0.06% of Standard Lithium worth $501,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Standard Lithium by 64.4% during the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock valued at $30,000 after acquiring an additional 6,040 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Standard Lithium in the 2nd quarter worth about $36,000. HBK Sorce Advisory LLC bought a new position in Standard Lithium in the third quarter valued at about $41,000. Jump Financial LLC bought a new position in Standard Lithium in the second quarter valued at about $43,000. Finally, Cerity Partners LLC acquired a new stake in shares of Standard Lithium during the second quarter valued at about $44,000. 16.70% of the stock is currently owned by institutional investors.

Standard Lithium Stock Up 2.4%

NYSEAMERICAN SLI opened at $4.30 on Monday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -19.55 and a beta of 1.71. Standard Lithium Ltd. has a twelve month low of $1.08 and a twelve month high of $6.40. The stock has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.15.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLI. Roth Mkm reduced their price target on Standard Lithium from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Wednesday, November 12th. BMO Capital Markets reiterated an “outperform” rating on shares of Standard Lithium in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $5.25.

Standard Lithium Company 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.