Clough Capital Partners Acquires $31M Stake in Lockheed Martin

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Clough Capital Partners L P, an institutional investor, acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 62,135 shares of the aerospace company's stock, valued at approximately $31,018,000, making it the 14th biggest position in Clough Capital Partners' portfolio.

Why it matters

Lockheed Martin is one of the world's largest defense contractors, providing a wide range of military aircraft, missile systems, and space technologies. The acquisition of a significant stake by Clough Capital Partners suggests the firm sees long-term growth potential in Lockheed Martin's business, which could signal confidence in the company's future performance.

The details

According to the filing, Clough Capital Partners L P acquired the 62,135 shares of Lockheed Martin stock during the third quarter. The shares are valued at approximately $31,018,000, making up about 2.7% of Clough Capital Partners' total holdings. This makes Lockheed Martin the 14th largest position in the firm's investment portfolio.

• Clough Capital Partners acquired the Lockheed Martin shares during the third quarter of the year.