Jesse L. Funches Sells 6,250 Shares of Lightbridge Co. (NASDAQ:LTBR) Stock

Lightbridge Co. (NASDAQ:LTBR) Director Jesse L. Funches sold 6,250 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $9.75, for a total transaction of $60,937.50. Following the sale, the director now directly owns 46,288 shares in the company, valued at $451,308. The trade was a 11.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lightbridge Price Performance

NASDAQ:LTBR opened at $11.25 on Thursday. The firm has a market capitalization of $234.96 million, a P/E ratio of -15.00 and a beta of 1.75. Lightbridge Co. has a one year low of $2.21 and a one year high of $16.90. The company’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $7.97.

Lightbridge (NASDAQ:LTBR) last issued its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTBR. Two Sigma Investments LP purchased a new position in Lightbridge in the fourth quarter worth about $1,106,000. Renaissance Technologies LLC raised its holdings in Lightbridge by 785.8% in the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock worth $1,006,000 after buying an additional 188,600 shares during the last quarter. Private Advisor Group LLC purchased a new position in Lightbridge in the fourth quarter worth about $627,000. Two Sigma Advisers LP purchased a new position in shares of Lightbridge during the fourth quarter valued at approximately $466,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Lightbridge during the fourth quarter valued at approximately $184,000. 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.