Balboa Wealth Partners Invests $159,000 in Lightbridge Corporation $LTBR

Balboa Wealth Partners bought a new stake in shares of Lightbridge Corporation (NASDAQ:LTBR) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,903 shares of the energy company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LTBR. Stone House Investment Management LLC acquired a new position in Lightbridge in the first quarter worth about $35,000. Powell Investment Advisors LLC bought a new stake in shares of Lightbridge in the 1st quarter valued at approximately $87,000. Rathbones Group PLC bought a new stake in shares of Lightbridge in the 1st quarter valued at approximately $139,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Lightbridge in the 1st quarter worth approximately $159,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Lightbridge by 23.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,000 shares of the energy company’s stock worth $358,000 after buying an additional 9,000 shares during the period. Institutional investors own 9.14% of the company’s stock.

Insiders Place Their Bets

In other Lightbridge news, Director Sweta Chakraborty sold 1,246 shares of Lightbridge stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $22.89, for a total value of $28,520.94. Following the completion of the transaction, the director owned 45,449 shares in the company, valued at approximately $1,040,327.61. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Seth Grae sold 32,296 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $28.07, for a total value of $906,548.72. Following the sale, the chief executive officer owned 753,316 shares in the company, valued at $21,145,580.12. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,897 shares of company stock valued at $2,984,994. Company insiders own 5.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Lightbridge Stock Down 10.8%

NASDAQ:LTBR opened at $23.27 on Wednesday. The firm has a market cap of $603.04 million, a PE ratio of -28.04 and a beta of 1.93. Lightbridge Corporation has a 12 month low of $4.37 and a 12 month high of $31.33. The company’s 50-day moving average price is $18.47 and its two-hundred day moving average price is $14.25.

Lightbridge (NASDAQ:LTBR) last posted its quarterly earnings data on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

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.