Envestnet Asset Management Inc. Invests $37,000 in Standard Lithium Ltd. (NYSE:SLI)

Envestnet Asset Management Inc. bought a new stake in Standard Lithium Ltd. (NYSE:SLI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 25,556 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds also recently modified their holdings of SLI. Koch Inc. acquired a new stake in Standard Lithium during the 4th quarter valued at $29,951,000. Raymond James Financial Inc. acquired a new position in Standard Lithium during the 4th quarter worth $168,000. Virtu Financial LLC acquired a new stake in Standard Lithium during the fourth quarter valued at approximately $139,000. U S Global Investors Inc. acquired a new stake in shares of Standard Lithium during the 4th quarter valued at approximately $110,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Standard Lithium by 104.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 128,041 shares of the company’s stock worth $187,000 after buying an additional 65,291 shares during the last quarter. Hedge funds and other institutional investors own 16.77% of the company’s stock.

Standard Lithium Price Performance

Shares of SLI opened at $1.61 on Friday. The company has a market cap of $312.24 million, a P/E ratio of 2.73 and a beta of 1.61. Standard Lithium Ltd. has a 12 month low of $1.07 and a 12 month high of $2.64. The stock has a fifty day moving average price of $1.35 and a 200 day moving average price of $1.55.

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.