Dimensional Fund Advisors LP Trims Stock Position in Lightbridge Co. (NASDAQ:LTBR)

Dimensional Fund Advisors LP cut its stake in shares of Lightbridge Co. (NASDAQ:LTBR) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,038 shares of the energy company’s stock after selling 19,279 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Lightbridge were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of LTBR. NewEdge Advisors LLC purchased a new position in shares of Lightbridge in the fourth quarter worth $38,000. Renaissance Technologies LLC increased its position in Lightbridge by 785.8% during the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock valued at $1,006,000 after purchasing an additional 188,600 shares during the period. Bank of Montreal Can purchased a new position in Lightbridge during the 4th quarter valued at $118,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Lightbridge during the 4th quarter valued at $56,000. Finally, Geode Capital Management LLC increased its position in Lightbridge by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company’s stock valued at $813,000 after purchasing an additional 6,830 shares during the period. 9.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Jesse L. Funches sold 6,250 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $9.75, for a total transaction of $60,937.50. Following the sale, the director now owns 46,288 shares of the company’s stock, valued at $451,308. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.50% of the company’s stock.

Lightbridge Price Performance

NASDAQ:LTBR opened at $10.37 on Friday. The firm’s 50-day moving average price is $8.58 and its 200-day moving average price is $7.95. The company has a market capitalization of $233.72 million, a PE ratio of -13.83 and a beta of 1.75. Lightbridge Co. has a 1-year low of $2.21 and a 1-year high of $16.90.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

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.