Russell Investments Group Ltd. Increases Position in Piedmont Lithium Inc. (NASDAQ:PLL)

Russell Investments Group Ltd. grew its stake in Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,736 shares of the mineral exploration company’s stock after acquiring an additional 4,469 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Piedmont Lithium worth $1,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC grew its stake in Piedmont Lithium by 4.9% during the 3rd quarter. Renaissance Technologies LLC now owns 242,600 shares of the mineral exploration company’s stock worth $12,977,000 after buying an additional 11,300 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Piedmont Lithium during the 3rd quarter valued at about $1,854,000. Capital Fund Management S.A. purchased a new stake in Piedmont Lithium during the 3rd quarter valued at about $784,000. Quantamental Technologies LLC purchased a new stake in Piedmont Lithium during the 3rd quarter valued at about $531,000. Finally, Arizona State Retirement System grew its stake in Piedmont Lithium by 4.0% during the 4th quarter. Arizona State Retirement System now owns 5,069 shares of the mineral exploration company’s stock valued at $223,000 after purchasing an additional 194 shares during the last quarter. 48.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Michael D. White sold 1,316 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $58.99, for a total value of $77,630.84. Following the completion of the transaction, the chief financial officer now owns 14,809 shares of the company’s stock, valued at approximately $873,582.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Piedmont Lithium news, CFO Michael D. White sold 1,316 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $58.99, for a total transaction of $77,630.84. Following the completion of the sale, the chief financial officer now directly owns 14,809 shares in the company, valued at approximately $873,582.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael A. Bless acquired 1,750 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were purchased at an average price of $60.14 per share, with a total value of $105,245.00. Following the completion of the purchase, the director now owns 1,750 shares in the company, valued at approximately $105,245. The disclosure for this purchase can be found here. 1.75% of the stock is currently owned by insiders.

Piedmont Lithium Stock Down 2.0 %

NASDAQ PLL opened at $54.39 on Friday. Piedmont Lithium Inc. has a twelve month low of $32.08 and a twelve month high of $76.78. The stock has a 50-day moving average of $55.34 and a 200 day moving average of $57.42.

Analyst Upgrades and Downgrades

PLL has been the topic of several research analyst reports. Roth Mkm boosted their price target on Piedmont Lithium from $150.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 21st. Macquarie initiated coverage on Piedmont Lithium in a report on Wednesday, March 8th. They issued an “outperform” rating and a $140.00 price objective for the company.

About Piedmont Lithium

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Piedmont Lithium, Inc is an exploration stage company, which engages in the exploration and development of mineral properties. The firm focuses on developing and manufacturing battery quality lithium hydroxide for the electric vehicle industry. Its projects include Carolina Lithium, Quebec, and Ghana.