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) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 investment portfolio, making the stock its 3rd biggest holding. Koch Inc. owned 11.88% of Standard Lithium at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd lifted its position in Standard Lithium by 18.0% in the 3rd quarter. XTX Topco Ltd now owns 73,429 shares of the company’s stock valued at $118,000 after acquiring an additional 11,177 shares in the last quarter. Principal Securities Inc. bought a new stake in Standard Lithium in the 4th quarter valued at $37,000. U.S. Capital Wealth Advisors LLC bought a new stake in Standard Lithium in the 4th quarter valued at $29,000. Meriwether Wealth & Planning LLC bought a new stake in Standard Lithium in the 4th quarter valued at $47,000. Finally, Gainplan LLC increased its stake in Standard Lithium by 30.9% in the 4th quarter. Gainplan LLC now owns 28,875 shares of the company’s stock valued at $42,000 after buying an additional 6,815 shares during the last quarter. 16.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 research note on Monday, November 25th.

Standard Lithium Stock Performance

Shares of SLI opened at $1.30 on Friday. Standard Lithium Ltd. has a 52 week low of $1.05 and a 52 week high of $2.64. The firm has a market cap of $224.58 million, a P/E ratio of 2.20 and a beta of 1.70. The firm’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.62.

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.