Quadrature Capital Ltd Takes $504,000 Position in Lightbridge Corporation $LTBR

Quadrature Capital Ltd purchased a new stake in Lightbridge Corporation (NASDAQ:LTBR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 37,726 shares of the energy company’s stock, valued at approximately $504,000. Quadrature Capital Ltd owned 0.16% of Lightbridge as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LTBR. Exchange Traded Concepts LLC purchased a new stake in shares of Lightbridge during the second quarter worth about $7,856,000. Balboa Wealth Partners acquired a new stake in Lightbridge in the 2nd quarter worth about $159,000. Geneos Wealth Management Inc. purchased a new stake in Lightbridge during the 1st quarter worth approximately $471,000. Goldman Sachs Group Inc. increased its stake in Lightbridge by 601.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock worth $683,000 after buying an additional 78,561 shares in the last quarter. Finally, Rathbones Group PLC acquired a new position in shares of Lightbridge during the first quarter valued at approximately $139,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Trading Up 3.6%

Shares of NASDAQ LTBR opened at $15.72 on Wednesday. The stock has a market cap of $508.87 million, a PE ratio of -18.94 and a beta of 1.81. Lightbridge Corporation has a 12-month low of $4.37 and a 12-month high of $31.33. The company has a 50-day moving average of $21.01 and a 200 day moving average of $16.65.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Sweta Chakraborty sold 1,948 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $15.47, for a total transaction of $30,135.56. Following the transaction, the director owned 41,553 shares of the company’s stock, valued at approximately $642,824.91. The trade was a 4.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jesse L. Funches sold 1,448 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $22.67, for a total transaction of $32,826.16. Following the sale, the director owned 64,840 shares of the company’s stock, valued at approximately $1,469,922.80. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 109,793 shares of company stock worth $2,764,199. 6.50% of the stock is currently owned by corporate insiders.

Lightbridge 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.