Pilgrim Partners Asia Pte Ltd Takes $56,000 Position in Lightbridge Co. (NASDAQ:LTBR)

Pilgrim Partners Asia Pte Ltd purchased a new position in Lightbridge Co. (NASDAQ:LTBR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,800 shares of the energy company’s stock, valued at approximately $56,000.

Other large investors also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Lightbridge in the fourth quarter valued at approximately $627,000. Steward Partners Investment Advisory LLC acquired a new stake in Lightbridge in the 4th quarter valued at $105,000. State Street Corp increased its holdings in Lightbridge by 18.4% in 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. Verition Fund Management LLC acquired a new position in Lightbridge during the third quarter worth $288,000. Finally, Virtu Financial LLC lifted its holdings in 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 purchasing an additional 15,150 shares in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Andrey Mushakov sold 45,070 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $8.97, for a total transaction of $404,277.90. Following the transaction, the executive vice president now directly owns 189,893 shares in the company, valued at approximately $1,703,340.21. The trade was a 19.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Larry Goldman sold 3,707 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total transaction 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 approximately $1,390,091.11. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,943 shares of company stock worth $1,271,668. 5.80% of the stock is owned by corporate insiders.

Lightbridge Stock Down 8.6 %

LTBR stock opened at $6.82 on Friday. Lightbridge Co. has a 52 week low of $2.21 and a 52 week high of $16.90. The firm has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $7.03. The stock has a market capitalization of $142.44 million, a P/E ratio of -9.09 and a beta of 2.12.

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