Insider Selling: Lightbridge (NASDAQ:LTBR) Director Sells $30,135.56 in Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,948 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $15.47, for a total value of $30,135.56. Following the sale, the director owned 41,553 shares in the company, valued at $642,824.91. The trade was a 4.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sweta Chakraborty also recently made the following trade(s):

• On Monday, November 3rd, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The shares were sold at an average price of $26.73, for a total value of $52,070.04.
• On Wednesday, October 8th, Sweta Chakraborty sold 1,246 shares of Lightbridge stock. The shares were sold at an average price of $22.89, for a total transaction of $28,520.94.

Lightbridge Trading Up 9.6%

Shares of Lightbridge stock opened at $17.79 on Friday. Lightbridge Corporation has a 12-month low of $4.37 and a 12-month high of $31.33. The firm has a market capitalization of $580.13 million, a price-to-earnings ratio of -22.24 and a beta of 1.85. The firm’s 50 day simple moving average is $20.93 and its two-hundred day simple moving average is $16.66.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge currently has a consensus rating of “Sell”.

Institutional Trading of Lightbridge

Institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new stake in shares of Lightbridge in the second quarter worth about $7,856,000. Ameriprise Financial Inc. bought a new stake in Lightbridge in the third quarter valued at $11,952,000. BNP Paribas Financial Markets boosted its position in shares of Lightbridge by 168.2% during the third quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock worth $10,571,000 after buying an additional 312,605 shares during the period. Geode Capital Management LLC raised its position in shares of Lightbridge by 166.3% during the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after buying an additional 295,890 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Lightbridge by 93.1% during the third quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock valued at $12,557,000 after buying an additional 285,471 shares in the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

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.