Evanson Asset Management LLC Acquires Shares of 10,000 Lightbridge Co. (NASDAQ:LTBR)

Evanson Asset Management LLC bought a new position in shares of Lightbridge Co. (NASDAQ:LTBR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,000 shares of the energy company’s stock, valued at approximately $47,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital Market Strategies LLC lifted its holdings in 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 buying an additional 5,950 shares in the last quarter. State Street Corp increased its position in shares of Lightbridge by 18.4% during the third 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 during the last quarter. XTX Topco Ltd acquired a new position in shares of Lightbridge in the third quarter worth about $34,000. Virtu Financial LLC boosted its holdings in Lightbridge by 118.8% in 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 during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Lightbridge during the 3rd quarter valued at approximately $288,000. 9.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lightbridge news, 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 transaction of $26,060.21. Following the sale, the chief financial officer now owns 197,737 shares in the company, valued at $1,390,091.11. This represents a 1.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.50% of the company’s stock.

Lightbridge Stock Up 3.8 %

LTBR stock opened at $5.69 on Tuesday. The company has a market capitalization of $89.71 million, a PE ratio of -7.59 and a beta of 2.19. The stock’s 50 day moving average is $5.69 and its two-hundred day moving average is $4.56. Lightbridge Co. has a 52-week low of $2.21 and a 52-week high of $14.20.

Lightbridge 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.