Bard Associates Inc. Cuts Position in Standard Lithium Ltd. (NYSE:SLI)

Bard Associates Inc. lessened its holdings in Standard Lithium Ltd. (NYSE:SLI) by 43.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,370 shares of the company’s stock after selling 30,010 shares during the quarter. Bard Associates Inc.’s holdings in Standard Lithium were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLI. Aristides Capital LLC purchased a new stake in Standard Lithium in the second quarter worth about $411,000. Van ECK Associates Corp grew its holdings in shares of Standard Lithium by 11.8% during the second 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 during the last quarter. Tidal Investments LLC purchased a new stake in shares of Standard Lithium during the first quarter valued at approximately $363,000. Renaissance Technologies LLC grew its holdings in shares of Standard Lithium by 765.9% during the second 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 last quarter. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of Standard Lithium by 200.0% during the third 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 during the last quarter. Hedge funds and other institutional investors own 16.77% of the company’s stock.

Standard Lithium Trading Down 10.4 %

NYSE:SLI opened at $1.60 on Friday. The firm’s 50 day moving average price is $1.84. Standard Lithium Ltd. has a 52 week low of $1.05 and a 52 week high of $2.72. The stock has a market capitalization of $275.54 million, a PE ratio of 2.70 and a beta of 1.79.

Standard Lithium (NYSE:SLI) last posted its quarterly earnings results on Tuesday, September 24th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). On average, sell-side analysts forecast that Standard Lithium Ltd. will post -0.05 EPS 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.