Larson Financial Group LLC Has $223,000 Stake in Piedmont Lithium Inc. (NASDAQ:PLL)

Larson Financial Group LLC boosted its position in shares of Piedmont Lithium Inc. (NASDAQ:PLL) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,943 shares of the mineral exploration company’s stock after acquiring an additional 8,643 shares during the period. Larson Financial Group LLC owned 0.13% of Piedmont Lithium worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in Piedmont Lithium during the 2nd quarter worth $47,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Piedmont Lithium during the first quarter valued at about $71,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Piedmont Lithium during the second quarter valued at about $58,000. SG Americas Securities LLC acquired a new position in shares of Piedmont Lithium during the second quarter valued at about $144,000. Finally, Thomist Capital Management LP acquired a new position in shares of Piedmont Lithium during the second quarter valued at about $171,000. Institutional investors and hedge funds own 52.23% of the company’s stock.

Analyst Upgrades and Downgrades

PLL has been the subject of a number of research analyst reports. Roth Mkm lowered shares of Piedmont Lithium from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $13.00 in a research report on Wednesday, November 20th. BMO Capital Markets upped their price objective on shares of Piedmont Lithium from $8.50 to $9.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. B. Riley cut their price objective on shares of Piedmont Lithium from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $8.00 price target (down previously from $9.00) on shares of Piedmont Lithium in a research report on Monday, October 21st. Finally, Macquarie raised shares of Piedmont Lithium from an “underperform” rating to a “neutral” rating and set a $13.50 price target for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.50.

Piedmont Lithium Stock Performance

NASDAQ PLL opened at $12.35 on Thursday. The firm has a market cap of $240.08 million, a price-to-earnings ratio of -3.02 and a beta of 0.74. The company has a 50 day moving average of $11.64 and a 200-day moving average of $10.90. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Piedmont Lithium Inc. has a 1-year low of $6.57 and a 1-year high of $31.82.

Piedmont Lithium Company Profile

Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.