GSA Capital Partners LLP Invests $2.51 Million in Sigma Lithium Corporation $SGML

GSA Capital Partners LLP acquired a new stake in Sigma Lithium Corporation (NASDAQ:SGML) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 198,541 shares of the company’s stock, valued at approximately $2,512,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in Sigma Lithium by 9.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 113,299 shares of the company’s stock worth $1,178,000 after purchasing an additional 9,748 shares during the period. Invesco Ltd. boosted its stake in shares of Sigma Lithium by 22.2% in the 2nd quarter. Invesco Ltd. now owns 899,945 shares of the company’s stock valued at $4,050,000 after buying an additional 163,335 shares during the period. Marshall Wace LLP purchased a new position in shares of Sigma Lithium in the 2nd quarter valued at about $560,000. Jump Financial LLC acquired a new position in shares of Sigma Lithium during the second quarter worth about $131,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Sigma Lithium during the second quarter worth about $87,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Price Performance

Shares of SGML opened at $11.99 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 0.32. Sigma Lithium Corporation has a fifty-two week low of $4.61 and a fifty-two week high of $24.48. The firm has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $13.86. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -49.96 and a beta of 0.61.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.25). The company had revenue of $54.70 million during the quarter, compared to analyst estimates of $68.34 million. Sigma Lithium had a negative net margin of 41.84% and a negative return on equity of 57.50%. On average, equities research analysts anticipate that Sigma Lithium Corporation will post 1.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SGML. Zacks Research cut shares of Sigma Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Wall Street Zen downgraded Sigma Lithium from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Sigma Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.50.

Sigma Lithium Profile

Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.

Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.