Walleye Capital LLC Makes New $479,000 Investment in Sigma Lithium Co. (NASDAQ:SGML)

Walleye Capital LLC acquired a new stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 42,677 shares of the company's stock, valued at approximately $479,000.

A number of other institutional investors have also recently bought and sold shares of SGML. U S Global Investors Inc. grew its holdings in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Sigma Lithium in the 4th quarter valued at $142,000. Handelsbanken Fonder AB bought a new stake in shares of Sigma Lithium in the 4th quarter valued at $160,000. Alliancebernstein L.P. raised its stake in Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock worth $195,000 after buying an additional 1,710 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Sigma Lithium during the 4th quarter worth $233,000. Institutional investors and hedge funds own 64.86% of the company's stock.

Analysts Set New Price Targets

Separately, Bank of America lowered their price target on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Sigma Lithium Stock Down 0.4 %

Shares of Sigma Lithium stock traded down $0.04 on Monday, hitting $8.21. The company had a trading volume of 229,648 shares, compared to its average volume of 762,554. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $11.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. Sigma Lithium Co. has a twelve month low of $6.76 and a twelve month high of $19.20. The firm has a market capitalization of $913.05 million, a P/E ratio of -17.08 and a beta of 0.26.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Research analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

Sigma Lithium Company Profile

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.