Regal Partners Ltd Sells 6,348 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Regal Partners Ltd lessened its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML) by 28.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,037 shares of the company’s stock after selling 6,348 shares during the quarter. Regal Partners Ltd’s holdings in Sigma Lithium were worth $198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Sigma Lithium during the 2nd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sigma Lithium during the second quarter worth about $107,000. Tidal Investments LLC increased its position in shares of Sigma Lithium by 65.9% during the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after purchasing an additional 17,566 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Sigma Lithium by 3.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,248,755 shares of the company’s stock worth $15,435,000 after purchasing an additional 47,143 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Sigma Lithium in the 2nd quarter valued at approximately $672,000. 64.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their target price on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, August 19th.

Sigma Lithium Price Performance

Shares of NASDAQ SGML opened at $14.44 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $12.83. The company has a market cap of $1.60 billion, a PE ratio of 160.44 and a beta of 0.16. Sigma Lithium Co. has a twelve month low of $8.47 and a twelve month high of $34.31.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). The company had revenue of $45.94 million for the quarter, compared to the consensus estimate of $69.70 million. Sigma Lithium had a return on equity of 6.18% and a net margin of 4.28%. On average, analysts predict that Sigma Lithium Co. will post 0.05 EPS for the current year.

Sigma Lithium 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.