Tortoise Investment Management LLC Has $1.22 Million Stock Position in Lightbridge Corporation $LTBR

Tortoise Investment Management LLC lifted its holdings in shares of Lightbridge Corporation (NASDAQ:LTBR) by 132.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,521 shares of the energy company’s stock after purchasing an additional 93,225 shares during the quarter. Tortoise Investment Management LLC’s holdings in Lightbridge were worth $1,220,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LTBR. Stone House Investment Management LLC acquired a new position in shares of Lightbridge during the 1st quarter worth $35,000. NewEdge Advisors LLC bought a new stake in shares of Lightbridge during the 4th quarter worth $38,000. Squarepoint Ops LLC bought a new stake in shares of Lightbridge during the 4th quarter worth $55,000. LPL Financial LLC bought a new stake in shares of Lightbridge during the 4th quarter worth $63,000. Finally, OLD National Bancorp IN bought a new stake in shares of Lightbridge during the 1st quarter worth $82,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Insider Activity at Lightbridge

In other news, Director Sweta Chakraborty sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $15.15, for a total transaction of $303,000.00. Following the completion of the transaction, the director directly owned 32,538 shares of the company’s stock, valued at approximately $492,950.70. This trade represents a 38.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.50% of the company’s stock.

Lightbridge Trading Down 1.9%

NASDAQ LTBR opened at $15.56 on Thursday. Lightbridge Corporation has a 1 year low of $2.24 and a 1 year high of $18.80. The company has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $11.68. The company has a market cap of $403.32 million, a P/E ratio of -18.75 and a beta of 1.67.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share 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.