MBA Advisors LLC Purchases Shares of 23,000 Standard Lithium Ltd. (NYSE:SLI)

MBA Advisors LLC purchased a new stake in Standard Lithium Ltd. (NYSE:SLI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,000 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Aristides Capital LLC acquired a new position in shares of Standard Lithium during the 2nd quarter valued at $411,000. Van ECK Associates Corp boosted its position 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 worth $3,765,000 after purchasing an additional 317,736 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Standard Lithium in the 1st quarter valued at about $363,000. Renaissance Technologies LLC grew its stake in shares of Standard Lithium by 765.9% in the 2nd quarter. Renaissance Technologies LLC now owns 286,609 shares of the company’s stock valued at $358,000 after buying an additional 253,509 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in Standard Lithium by 200.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 300,000 shares of the company’s stock valued at $490,000 after buying an additional 200,000 shares in the last quarter. 16.77% of the stock is currently owned by institutional investors.

Standard Lithium Trading Up 3.9 %

Shares of NYSE:SLI opened at $2.39 on Tuesday. The company has a market capitalization of $412.88 million, a price-to-earnings ratio of 4.01 and a beta of 1.89. Standard Lithium Ltd. has a 52-week low of $1.05 and a 52-week high of $3.00. The business has a 50 day moving average price of $1.58.

Standard Lithium (NYSE:SLI) last posted its quarterly earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). On average, equities research analysts expect that Standard Lithium Ltd. will post -0.05 earnings per share for the current year.

Standard Lithium Profile

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.