Insider Selling: Lightbridge (NASDAQ:LTBR) Director Sells 15,000 Shares of Stock

Key Points

• Lightbridge director Mark Robert Tobin sold 15,000 shares at an average price of $8.99, generating $134,850 and reducing his direct stake by 18.37% to 66,669 shares.
• LTBR traded at $8.89, near its 50-day average of $8.77 but below its 200-day average of $11.26; the company also reported a quarterly loss of $0.18 per share.
• Institutional investors increased their holdings, but Lightbridge retains a consensus “Sell” rating, including a “sell (D-)” rating from Weiss Ratings.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) Director Mark Robert Tobin sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.99, for a total transaction of $134,850.00. Following the completion of the transaction, the director directly owned 66,669 shares of the company's stock, valued at approximately $599,354.31. This represents a 18.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lightbridge Stock Performance

NASDAQ LTBR traded down $0.17 during mid-day trading on Wednesday, reaching $8.89. 463,961 shares of the stock were exchanged, compared to its average volume of 920,658. Lightbridge Corporation has a 1-year low of $6.92 and a 1-year high of $31.33. The business's fifty day simple moving average is $8.77 and its 200 day simple moving average is $11.26. The stock has a market capitalization of $333.02 million, a PE ratio of -11.25 and a beta of 2.14.

Lightbridge (NASDAQ:LTBR - Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.

Institutional Trading of Lightbridge

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Lightbridge in the second quarter valued at approximately $22,580,000. State Street Corp grew its stake in Lightbridge by 318.0% during the fourth quarter. State Street Corp now owns 1,847,661 shares of the energy company's stock worth $23,354,000 after buying an additional 1,405,608 shares during the period. Vanguard Group Inc. grew its stake in Lightbridge by 19.0% during the third quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company's stock worth $31,549,000 after buying an additional 237,378 shares during the period. UBS Group AG grew its stake in Lightbridge by 17.7% during the fourth quarter. UBS Group AG now owns 681,667 shares of the energy company's stock worth $8,616,000 after buying an additional 102,656 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Lightbridge by 27.4% in the fourth quarter. Geode Capital Management LLC now owns 670,661 shares of the energy company's stock worth $8,479,000 after acquiring an additional 144,102 shares in the last quarter. Hedge funds and other institutional investors own 9.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightbridge in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge presently has a consensus 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.

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