Insider Selling: Lightbridge (NASDAQ:LTBR) CEO Sells $196,797.44 in Stock

Lightbridge Corporation (NASDAQ:LTBR) CEO Seth Grae sold 7,616 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $25.84, for a total value of $196,797.44. Following the transaction, the chief executive officer directly owned 753,316 shares in the company, valued at $19,465,685.44. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lightbridge Price Performance

NASDAQ LTBR opened at $22.08 on Monday. The business’s fifty day moving average price is $16.91 and its 200-day moving average price is $13.41. The stock has a market capitalization of $572.20 million, a price-to-earnings ratio of -26.60 and a beta of 1.93. Lightbridge Corporation has a 1-year low of $3.09 and a 1-year high of $25.98.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

Hedge Funds Weigh In On Lightbridge

Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new position in Lightbridge in the 2nd quarter worth $26,000. Legal & General Group Plc bought a new position in Lightbridge in the 2nd quarter worth $28,000. SBI Securities Co. Ltd. raised its holdings in Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,152 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after buying an additional 3,507 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Lightbridge in the 2nd quarter worth $53,000. 9.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightbridge has an average rating of “Sell”.

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.