LPL Financial LLC Buys Shares of 13,308 Lightbridge Co. (NASDAQ:LTBR)

LPL Financial LLC bought a new position in Lightbridge Co. (NASDAQ:LTBR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,308 shares of the energy company’s stock, valued at approximately $63,000. LPL Financial LLC owned 0.08% of Lightbridge as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LTBR. Private Advisor Group LLC purchased a new stake in shares of Lightbridge during the 4th quarter worth about $627,000. State Street Corp grew its holdings in Lightbridge by 18.4% during the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company’s stock worth $108,000 after acquiring an additional 6,000 shares in the last quarter. Virtu Financial LLC lifted its holdings in Lightbridge by 118.8% during the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after buying an additional 15,150 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Lightbridge during the fourth quarter valued at $105,000. Finally, Capital Market Strategies LLC lifted its holdings in Lightbridge by 42.5% in the fourth quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock worth $94,000 after acquiring an additional 5,950 shares during the last quarter. 9.14% of the stock is currently owned by hedge funds and other institutional investors.

Lightbridge Price Performance

Shares of NASDAQ LTBR opened at $9.34 on Friday. The business’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $7.73. The firm has a market capitalization of $195.07 million, a PE ratio of -12.45 and a beta of 2.12. Lightbridge Co. has a 1-year low of $2.21 and a 1-year high of $16.90.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings results on Wednesday, February 26th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Activity at Lightbridge

In related news, EVP Andrey Mushakov sold 30,000 shares of Lightbridge stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total value of $437,400.00. Following the transaction, the executive vice president now owns 159,893 shares of the company’s stock, valued at approximately $2,331,239.94. This trade represents a 15.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Larry Goldman sold 18,303 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $14.09, for a total transaction of $257,889.27. Following the completion of the transaction, the chief financial officer now directly owns 150,900 shares of the company’s stock, valued at $2,126,181. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by insiders.

Lightbridge Company Profile

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.