Van ECK Associates Corp Cuts Stake in Standard Lithium Ltd. $SLI

Van ECK Associates Corp reduced its position in Standard Lithium Ltd. (NYSEAMERICAN:SLI) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,935,383 shares of the company’s stock after selling 2,846,967 shares during the quarter. Van ECK Associates Corp owned 0.06% of Standard Lithium worth $43,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Standard Lithium during the 2nd quarter valued at about $1,595,000. Jones Financial Companies Lllp raised its holdings in shares of Standard Lithium by 23.3% in the 2nd quarter. Jones Financial Companies Lllp now owns 27,244 shares of the company’s stock valued at $77,000 after purchasing an additional 5,157 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in shares of Standard Lithium by 26.3% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 24,094 shares of the company’s stock worth $66,000 after purchasing an additional 5,020 shares during the period. BlackRock Inc. purchased a new stake in shares of Standard Lithium in the 2nd quarter worth approximately $1,149,000. Finally, Uniting Wealth Partners LLC bought a new position in shares of Standard Lithium during the second quarter valued at approximately $55,000. 16.70% of the stock is currently owned by institutional investors.

Standard Lithium Stock Down 3.4%

Shares of SLI stock opened at $2.55 on Friday. The firm has a market cap of $628.35 million, a price-to-earnings ratio of -12.75 and a beta of 1.83. The company’s 50 day moving average is $2.44 and its 200 day moving average is $3.37. Standard Lithium Ltd. has a 52-week low of $1.91 and a 52-week high of $6.40.

Standard Lithium Company Profile

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.