Seth Grae Sells 20,600 Shares of Lightbridge (NASDAQ:LTBR) Stock

Lightbridge Corporation (NASDAQ:LTBR) CEO Seth Grae sold 20,600 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $26.01, for a total transaction of $535,806.00. Following the transaction, the chief executive officer owned 753,316 shares of the company’s stock, valued at $19,593,749.16. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Seth Grae also recently made the following trade(s):

• On Wednesday, October 15th, Seth Grae sold 32,296 shares of Lightbridge stock. The stock was sold at an average price of $28.07, for a total transaction of $906,548.72.
• On Friday, October 10th, Seth Grae sold 7,616 shares of Lightbridge stock. The stock was sold at an average price of $25.84, for a total transaction of $196,797.44.

Lightbridge Stock Up 6.0%

Shares of NASDAQ:LTBR opened at $27.24 on Thursday. The firm has a market capitalization of $705.92 million, a PE ratio of -32.82 and a beta of 1.93. Lightbridge Corporation has a twelve month low of $3.61 and a twelve month high of $29.20. The company has a 50-day moving average price of $17.65 and a two-hundred day moving average price of $13.72.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Lightbridge

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in Lightbridge in the third quarter valued at approximately $67,000. Exchange Traded Concepts LLC raised its stake in Lightbridge by 21.5% in the third quarter. Exchange Traded Concepts LLC now owns 713,742 shares of the energy company’s stock valued at $15,138,000 after purchasing an additional 126,121 shares in the last quarter. Sara Bay Financial purchased a new stake in Lightbridge in the third quarter valued at approximately $201,000. FORA Capital LLC purchased a new stake in Lightbridge in the second quarter valued at approximately $218,000. Finally, BNP Paribas Financial Markets purchased a new stake in Lightbridge in the second quarter valued at approximately $2,484,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Company 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.