63,150 Shares in Lightbridge Corporation $LTBR Purchased by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. acquired a new stake in Lightbridge Corporation valued at approximately $471,000, purchasing 63,150 shares during the first quarter.
• Other hedge funds have also increased their stakes, with Goldman Sachs raising its investment by 601.6% in the first quarter, now owning 91,620 shares valued at $683,000.
• Lightbridge Corporation recently reported earnings of ($0.16) per share, amid fluctuating stock prices between a twelve-month low of $2.36 and a high of $18.80.

Geneos Wealth Management Inc. purchased a new stake in shares of Lightbridge Corporation (NASDAQ:LTBR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 63,150 shares of the energy company's stock, valued at approximately $471,000. Geneos Wealth Management Inc. owned approximately 0.28% of Lightbridge as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LTBR. Northern Trust Corp raised its stake in Lightbridge by 65.6% during the fourth quarter. Northern Trust Corp now owns 73,312 shares of the energy company's stock valued at $347,000 after purchasing an additional 29,046 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Lightbridge during the fourth quarter valued at $1,106,000. Two Sigma Advisers LP purchased a new stake in Lightbridge during the fourth quarter valued at $466,000. Squarepoint Ops LLC purchased a new stake in Lightbridge during the fourth quarter valued at $55,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Lightbridge during the fourth quarter valued at $184,000. Hedge funds and other institutional investors own 9.14% of the company's stock.

Insider Buying and Selling at Lightbridge

In other news, Director Sweta Chakraborty sold 20,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $15.15, for a total value of $303,000.00. Following the sale, the director owned 32,538 shares of the company's stock, valued at approximately $492,950.70. This represents a 38.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.50% of the company's stock.

Lightbridge Price Performance

Shares of LTBR traded up $3.12 during midday trading on Friday, hitting $18.26. The stock had a trading volume of 5,543,646 shares, compared to its average volume of 1,228,646. Lightbridge Corporation has a 1 year low of $2.49 and a 1 year high of $18.80. The firm has a market cap of $473.30 million, a PE ratio of -22.00 and a beta of 1.89. The stock's 50 day moving average is $14.69 and its 200 day moving average is $12.05.

Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its 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.