Renaissance Technologies LLC Invests $176,000 in Cellectar Biosciences Inc (CLRB)

Renaissance Technologies LLC purchased a new stake in Cellectar Biosciences Inc (NASDAQ:CLRB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 58,553 shares of the biopharmaceutical company’s stock, valued at approximately $176,000. Renaissance Technologies LLC owned approximately 1.63% of Cellectar Biosciences as of its most recent SEC filing.

Shares of NASDAQ CLRB opened at $1.81 on Wednesday. Cellectar Biosciences Inc has a fifty-two week low of $1.22 and a fifty-two week high of $14.00. The stock has a market cap of $9.13 million, a P/E ratio of -0.17 and a beta of 1.25.

Cellectar Biosciences (NASDAQ:CLRB) last issued its quarterly earnings data on Tuesday, November 13th. The biopharmaceutical company reported ($1.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.83) by ($0.82). On average, research analysts predict that Cellectar Biosciences Inc will post -4.84 EPS for the current year.

Separately, Brookline Capital Management restated a “buy” rating on shares of Cellectar Biosciences in a research note on Tuesday, November 20th.

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Cellectar Biosciences Profile

Cellectar Biosciences, Inc, a clinical stage biopharmaceutical company, engages in the discovery, development, and commercialization of drugs for the treatment of cancer. Its lead phospholipid drug conjugate (PDC) therapeutic, CLR 131, is in a Phase 1 clinical study in patients with relapsed or refractory (R/R) multiple myeloma (MM) and a Phase 2 clinical study in R/R MM and a range of B-cell malignancies.

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