Koch Inc. Invests $29.95 Million in Standard Lithium Ltd. (NYSE:SLI)

Koch Inc. purchased a new position in shares of Standard Lithium Ltd. (NYSE:SLI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,514,692 shares of the company’s stock, valued at approximately $29,951,000. Standard Lithium makes up about 10.6% of Koch Inc.’s holdings, making the stock its 3rd largest position. Koch Inc. owned about 0.12% of Standard Lithium as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Virtu Financial LLC acquired a new position in Standard Lithium in the 4th quarter worth about $139,000. Commonwealth Equity Services LLC increased its stake in shares of Standard Lithium by 104.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 128,041 shares of the company’s stock valued at $187,000 after buying an additional 65,291 shares during the period. Meriwether Wealth & Planning LLC acquired a new stake in shares of Standard Lithium in the fourth quarter valued at about $47,000. Raymond James Financial Inc. acquired a new stake in shares of Standard Lithium in the fourth quarter valued at about $168,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Standard Lithium in the fourth quarter valued at about $110,000. Institutional investors and hedge funds own 16.77% of the company’s stock.

Analyst Ratings Changes

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

Standard Lithium Stock Performance

Shares of NYSE:SLI opened at $1.30 on Friday. The business’s 50 day simple moving average is $1.45 and its two-hundred day simple moving average is $1.62. The firm has a market cap of $224.58 million, a P/E ratio of 2.20 and a beta of 1.70. Standard Lithium Ltd. has a 52-week low of $1.05 and a 52-week high of $2.64.

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.