Private Advisor Group LLC Purchases Shares of 132,592 Lightbridge Co. (NASDAQ:LTBR)

Private Advisor Group LLC bought a new stake in shares of Lightbridge Co. (NASDAQ:LTBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 132,592 shares of the energy company's stock, valued at approximately $627,000. Private Advisor Group LLC owned about 0.84% of Lightbridge at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Lightbridge in the 3rd quarter worth approximately $34,000. Evanson Asset Management LLC acquired a new stake in Lightbridge in the fourth quarter worth $47,000. Virtu Financial LLC boosted its holdings in shares of Lightbridge by 118.8% during the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock valued at $78,000 after acquiring an additional 15,150 shares during the period. Capital Market Strategies LLC increased its holdings in shares of Lightbridge by 42.5% in the 4th 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 period. Finally, State Street Corp lifted its position in Lightbridge by 18.4% in the 3rd quarter. State Street Corp now owns 38,579 shares of the energy company's stock valued at $108,000 after purchasing an additional 6,000 shares during the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Andrey Mushakov sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $14.58, for a total transaction of $437,400.00. Following the sale, the executive vice president now owns 159,893 shares of the company's stock, valued at $2,331,239.94. The trade was a 15.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Larry Goldman sold 3,707 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.03, for a total value of $26,060.21. Following the completion of the sale, the chief financial officer now owns 197,737 shares of the company's stock, valued at $1,390,091.11. This trade represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,943 shares of company stock worth $1,271,668. 6.50% of the stock is owned by company insiders.

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Lightbridge Trading Down 9.6 %

Lightbridge stock traded down $0.98 during midday trading on Thursday, reaching $9.23. 1,217,149 shares of the stock traded hands, compared to its average volume of 3,229,019. The firm has a fifty day moving average price of $8.55 and a two-hundred day moving average price of $6.15. Lightbridge Co. has a fifty-two week low of $2.21 and a fifty-two week high of $16.90. The firm has a market cap of $145.53 million, a price-to-earnings ratio of -12.36 and a beta of 2.26.

Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

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.