Renaissance Technologies LLC grew its position in shares of Standard Lithium Ltd. (NYSE:SLI - Free Report) by 765.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,609 shares of the company's stock after buying an additional 253,509 shares during the period. Renaissance Technologies LLC owned 0.17% of Standard Lithium worth $358,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SLI. Legacy Capital Wealth Partners LLC purchased a new stake in Standard Lithium during the second quarter valued at about $74,000. Van ECK Associates Corp lifted its stake in shares of Standard Lithium by 11.8% during the 2nd quarter. Van ECK Associates Corp now owns 3,011,876 shares of the company's stock valued at $3,765,000 after buying an additional 317,736 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Standard Lithium in the 1st quarter worth approximately $363,000. Institutional investors own 16.77% of the company's stock.
Standard Lithium Stock Up 15.2 %
Standard Lithium stock traded up $0.32 during mid-day trading on Friday, reaching $2.42. The company's stock had a trading volume of 5,195,806 shares, compared to its average volume of 1,212,971. The firm has a market cap of $418.06 million, a P/E ratio of 4.17 and a beta of 1.89. The stock has a fifty day moving average of $1.37. Standard Lithium Ltd. has a 12-month low of $1.05 and a 12-month high of $3.59.
Standard Lithium (NYSE:SLI - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Equities analysts expect that Standard Lithium Ltd. will post -0.05 EPS for the current fiscal year.
Standard Lithium Profile
(
Free Report)
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.
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