Nwam LLC Makes New Investment in Standard Lithium Ltd. (NYSE:SLI)

Nwam LLC bought a new stake in shares of Standard Lithium Ltd. (NYSE:SLI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $80,000.

A number of other large investors have also recently modified their holdings of SLI. Van ECK Associates Corp grew its stake in Standard Lithium by 11.8% in the second 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 during the period. International Assets Investment Management LLC increased its stake in shares of Standard Lithium by 62.7% in the 3rd quarter. International Assets Investment Management LLC now owns 461,990 shares of the company’s stock worth $744,000 after acquiring an additional 177,990 shares in the last quarter. Aristides Capital LLC purchased a new position in Standard Lithium during the 2nd quarter valued at about $411,000. Tidal Investments LLC bought a new stake in Standard Lithium during the first quarter worth about $363,000. Finally, Stephens Inc. AR grew its holdings in Standard Lithium by 3.6% in the third quarter. Stephens Inc. AR now owns 307,524 shares of the company’s stock worth $495,000 after purchasing an additional 10,635 shares during the period. Institutional investors own 16.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target on Standard Lithium from $3.90 to $4.40 and gave the stock a “speculative buy” rating in a research report on Monday.

Standard Lithium Price Performance

Shares of NYSE:SLI opened at $1.66 on Wednesday. The business has a fifty day moving average price of $1.91 and a 200-day moving average price of $1.55. The company has a market capitalization of $285.90 million, a PE ratio of 2.81 and a beta of 1.79. Standard Lithium Ltd. has a 1-year low of $1.05 and a 1-year high of $2.64.

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

Standard Lithium Company 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.