Steward Partners Investment Advisory LLC Takes $105,000 Position in Lightbridge Co. (NASDAQ:LTBR)

Steward Partners Investment Advisory LLC purchased a new stake in Lightbridge Co. (NASDAQ:LTBR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,300 shares of the energy company’s stock, valued at approximately $105,000.

A number of other large investors also recently bought and sold shares of LTBR. Private Advisor Group LLC purchased a new position in shares of Lightbridge in the 4th quarter valued at about $627,000. Evanson Asset Management LLC acquired a new stake in shares of Lightbridge during the 4th quarter worth about $47,000. Capital Market Strategies LLC boosted its stake in shares of Lightbridge by 42.5% during the 4th quarter. Capital Market Strategies LLC now owns 19,950 shares of the energy company’s stock worth $94,000 after purchasing an additional 5,950 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Lightbridge by 118.8% in the third quarter. Virtu Financial LLC now owns 27,905 shares of the energy company’s stock worth $78,000 after acquiring an additional 15,150 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Lightbridge in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Insider Activity

In other Lightbridge news, EVP Andrey Mushakov sold 45,070 shares of Lightbridge stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total value of $404,277.90. Following the completion of the transaction, the executive vice president now owns 189,893 shares of the company’s stock, valued at $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Larry Goldman sold 20,863 shares of Lightbridge stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $7.00, for a total transaction of $146,041.00. Following the completion of the transaction, the chief financial officer now directly owns 184,456 shares of the company’s stock, valued at approximately $1,291,192. This represents a 10.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,943 shares of company stock worth $1,271,668 over the last 90 days. Company insiders own 6.50% of the company’s stock.

Lightbridge Stock Performance

NASDAQ LTBR opened at $9.47 on Tuesday. Lightbridge Co. has a one year low of $2.21 and a one year high of $16.90. The company’s 50 day moving average price is $9.09 and its 200 day moving average price is $6.52. The firm has a market capitalization of $192.79 million, a price-to-earnings ratio of -12.63 and a beta of 2.21.

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

About Lightbridge

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.