538,792 Shares in Standard Lithium Ltd. $SLI Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 538,792 shares of the company’s stock, valued at approximately $1,816,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLI. XTX Topco Ltd purchased a new stake in Standard Lithium during the second quarter worth approximately $300,000. Quadrature Capital Ltd raised its stake in shares of Standard Lithium by 942.5% in the 2nd quarter. Quadrature Capital Ltd now owns 108,854 shares of the company’s stock valued at $213,000 after acquiring an additional 98,412 shares during the period. Jump Financial LLC purchased a new position in shares of Standard Lithium in the 2nd quarter valued at $43,000. Cerity Partners LLC acquired a new position in shares of Standard Lithium during the 2nd quarter valued at $44,000. Finally, WINTON GROUP Ltd purchased a new stake in Standard Lithium during the 2nd quarter worth $36,000. 16.70% of the stock is owned by institutional investors and hedge funds.

Standard Lithium Stock Performance

Standard Lithium stock opened at $3.52 on Friday. The stock’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.25. The firm has a market capitalization of $853.99 million, a PE ratio of -16.00 and a beta of 1.71. Standard Lithium Ltd. has a one year low of $1.08 and a one year high of $6.40.

Analysts Set New Price Targets

Separately, 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, According to MarketBeat, Standard Lithium presently has an average rating of “Buy” and a consensus price target of $5.25.

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.