Pilgrim Partners Asia Pte Ltd Buys Shares of 116,600 Lightbridge Corporation $LTBR

Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lightbridge Corporation (NASDAQ:LTBR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 116,600 shares of the energy company’s stock, valued at approximately $2,473,000. Lightbridge makes up 1.1% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 16th biggest holding. Pilgrim Partners Asia Pte Ltd owned approximately 0.45% of Lightbridge at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LTBR. Ameritas Investment Partners Inc. acquired a new stake in shares of Lightbridge during the second quarter worth $26,000. Legal & General Group Plc purchased a new position in Lightbridge in the 2nd quarter valued at about $28,000. SBI Securities Co. Ltd. grew its stake in Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,152 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Lightbridge by 853.3% in the second 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Lightbridge in the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Insider Activity at Lightbridge

In related news, Director Sweta Chakraborty sold 1,947 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the transaction, the director owned 39,606 shares of the company’s stock, valued at approximately $510,125.28. This trade represents a 4.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 8,537 shares of company stock valued at $151,380. 5.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Thursday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lightbridge Stock Down 9.3%

Shares of Lightbridge stock opened at $15.98 on Tuesday. The business has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $17.25. The firm has a market cap of $521.11 million, a price-to-earnings ratio of -19.97 and a beta of 1.84. Lightbridge Corporation has a fifty-two week low of $6.00 and a fifty-two week high of $31.33.

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

About Lightbridge

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.