Raymond James Financial Inc. Makes New Investment in Standard Lithium Ltd. (NYSE:SLI)

Raymond James Financial Inc. bought a new stake in shares of Standard Lithium Ltd. (NYSE:SLI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 115,175 shares of the company’s stock, valued at approximately $168,000. Raymond James Financial Inc. owned 0.07% of Standard Lithium as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. XTX Topco Ltd lifted its position in Standard Lithium by 18.0% during the third quarter. XTX Topco Ltd now owns 73,429 shares of the company’s stock valued at $118,000 after purchasing an additional 11,177 shares during the period. Principal Securities Inc. purchased a new stake in Standard Lithium during the 4th quarter valued at $37,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Standard Lithium during the 4th quarter valued at $29,000. U S Global Investors Inc. purchased a new position in shares of Standard Lithium in the 4th quarter worth $110,000. Finally, Gainplan LLC grew its holdings in shares of Standard Lithium by 30.9% in the fourth quarter. Gainplan LLC now owns 28,875 shares of the company’s stock worth $42,000 after acquiring an additional 6,815 shares during the period. Hedge funds and other institutional investors own 16.77% of the company’s stock.

Standard Lithium Stock Performance

SLI stock opened at $1.26 on Friday. The company has a market cap of $244.36 million, a price-to-earnings ratio of 2.14 and a beta of 1.64. The business’s 50-day moving average is $1.34 and its two-hundred day moving average is $1.61. Standard Lithium Ltd. has a fifty-two week low of $1.05 and a fifty-two week high of $2.64.

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.