Mustard Seed Financial LLC Acquires 22,062 Shares of Standard Lithium Ltd. (NYSE:SLI)

Mustard Seed Financial LLC lifted its holdings in shares of Standard Lithium Ltd. (NYSE:SLI) by 33.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 88,428 shares of the company’s stock after purchasing an additional 22,062 shares during the quarter. Mustard Seed Financial LLC’s holdings in Standard Lithium were worth $129,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SLI. MBA Advisors LLC acquired a new stake in Standard Lithium during the third quarter valued at approximately $37,000. Gainplan LLC lifted its holdings in shares of Standard Lithium by 30.9% during the fourth quarter. Gainplan LLC now owns 28,875 shares of the company’s stock valued at $42,000 after acquiring an additional 6,815 shares during the period. XTX Topco Ltd bought a new position in shares of Standard Lithium during the second quarter valued at $78,000. Nwam LLC acquired a new stake in shares of Standard Lithium in the 3rd quarter valued at $80,000. Finally, Simmons Bank grew its holdings in shares of Standard Lithium by 29.4% in the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock worth $91,000 after purchasing an additional 12,840 shares during the last quarter. 16.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Standard Lithium from $3.90 to $4.40 and gave the company a “speculative buy” rating in a report on Monday, November 25th.

Standard Lithium Price Performance

SLI stock opened at $1.63 on Thursday. The company has a 50 day moving average price of $1.60 and a 200 day moving average price of $1.57. Standard Lithium Ltd. has a fifty-two week low of $1.05 and a fifty-two week high of $2.64. The stock has a market capitalization of $281.58 million, a PE ratio of 2.76 and a beta of 1.67.

Standard Lithium (NYSE:SLI) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). As a group, equities analysts expect that Standard Lithium Ltd. will post -0.09 earnings per share for the current fiscal year.

About Standard Lithium

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.