Insider Selling: Lightbridge (NASDAQ:LTBR) Director Sells 1,449 Shares of Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Jesse Funches sold 1,449 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $16.96, for a total transaction of $24,575.04. Following the completion of the sale, the director directly owned 74,022 shares in the company, valued at approximately $1,255,413.12. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lightbridge Price Performance

NASDAQ:LTBR traded up $0.40 on Friday, hitting $16.51. 1,195,048 shares of the company’s stock were exchanged, compared to its average volume of 1,059,196. The company has a market cap of $538.37 million, a P/E ratio of -20.64 and a beta of 1.84. The firm has a 50-day moving average price of $16.45 and a 200-day moving average price of $16.83. Lightbridge Corporation has a 52 week low of $5.01 and a 52 week high of $31.33.

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

Hedge Funds Weigh In On Lightbridge

Several institutional investors and hedge funds have recently modified their holdings of LTBR. Exchange Traded Concepts LLC bought a new position in Lightbridge during the 2nd quarter worth $7,856,000. Balboa Wealth Partners acquired a new position in shares of Lightbridge in the second quarter valued at about $159,000. Geneos Wealth Management Inc. bought a new position in Lightbridge during the first quarter worth about $471,000. Goldman Sachs Group Inc. raised its stake in Lightbridge by 601.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock worth $683,000 after purchasing an additional 78,561 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Lightbridge in the 2nd quarter valued at about $60,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Lightbridge Company Profile

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.