Millennium Capital Advisors LLC Invests $1.06 Million in Standard Lithium Ltd. $SLI

Millennium Capital Advisors LLC purchased a new position in Standard Lithium Ltd. (NYSEAMERICAN:SLI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 237,050 shares of the company’s stock, valued at approximately $1,060,000. Millennium Capital Advisors LLC owned about 0.10% of Standard Lithium at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in shares of Standard Lithium in the 3rd quarter worth $1,816,000. Quantbot Technologies LP boosted its stake in shares of Standard Lithium by 1,531.0% in the 3rd quarter. Quantbot Technologies LP now owns 148,547 shares of the company’s stock worth $501,000 after buying an additional 139,439 shares during the last quarter. Stone House Investment Management LLC boosted its stake in shares of Standard Lithium by 734.3% in the 4th quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock worth $37,000 after buying an additional 7,343 shares during the last quarter. Naviter Wealth LLC purchased a new position in shares of Standard Lithium in the 4th quarter worth $133,000. Finally, Meriwether Wealth & Planning LLC boosted its stake in shares of Standard Lithium by 16.0% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 46,098 shares of the company’s stock worth $206,000 after buying an additional 6,347 shares during the last quarter. 16.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLI has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating on shares of Standard Lithium in a research note on Wednesday, January 28th. Evercore assumed coverage on Standard Lithium in a report on Wednesday, April 29th. They issued an “outperform” rating and a $4.75 target price on the stock. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $5.13.

Standard Lithium Stock Performance

Shares of Standard Lithium stock opened at $3.85 on Friday. Standard Lithium Ltd. has a one year low of $1.49 and a one year high of $6.40. The stock’s fifty day moving average is $3.80 and its 200 day moving average is $4.21. The stock has a market cap of $936.17 million, a P/E ratio of -17.50 and a beta of 1.77.

About Standard Lithium

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.