November 29, 2016 - By Ellis Scott
As published in a legally required form that was filled with the (SEC) on 29-11-2016, Seth Grae, President and CEO of Lightbridge Corp and a well informed person, bought 2,980 shares of the firm for close to $4,023 U.S. Dollars based on an average price-per-share of $1.4. The probability of this transaction staying hidden is extremely low, with the President and CEO right now owning 122,815 shares — that is 2.23% of the total market capitalization of the Company.
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.75, from 0.75 in 2016Q1. The ratio turned negative, as 6 funds sold all Lightbridge Corp shares owned while 2 reduced positions. 3 funds bought stakes while 3 increased positions. They now own 558,009 shares or 23.73% less from 731,664 shares in 2016Q1.
Vanguard Group owns 197,866 shares or 0% of their US portfolio. Wells Fargo Mn last reported 1,000 shares in the company. Morgan Stanley has invested 0% of its portfolio in Lightbridge Corp (NASDAQ:LTBR). Blackrock Institutional Tru Na has 28,805 shares for 0% of their US portfolio. The California-based Blackrock Fund Advsr has invested 0% in Lightbridge Corp (NASDAQ:LTBR). Moreover, Glenmede Co Na has 0% invested in Lightbridge Corp (NASDAQ:LTBR) for 333 shares. Creative Planning, a Kansas-based fund reported 10,500 shares. Goldman Sachs Grp Inc accumulated 0% or 80,699 shares. Bancorporation Of America De accumulated 0% or 9,434 shares. Millennium Mgmt Ltd holds 0% of its portfolio in Lightbridge Corp (NASDAQ:LTBR) for 49,436 shares. Fifth Third Savings Bank holds 0% of its portfolio in Lightbridge Corp (NASDAQ:LTBR) for 25,744 shares. Moreover, Da Davidson And Com has 0% invested in Lightbridge Corp (NASDAQ:LTBR) for 13,000 shares. California Employees Retirement owns 20,000 shares or 0% of their US portfolio. Deutsche Financial Bank Ag holds 0% of its portfolio in Lightbridge Corp (NASDAQ:LTBR) for 1 shares. Northern Trust Corp holds 0% or 20,185 shares in its portfolio.
Insider Transactions: Since November 21, 2016, the stock had 3 insider purchases, and 0 selling transactions for $6,700 net activity. The insider MUSHAKOV ANDREY bought 2,000 shares worth $2,740.
About 139,263 shares traded hands or 0.04% up from the average. Lightbridge Corp (NASDAQ:LTBR) has declined 35.61% since April 26, 2016 and is downtrending. It has underperformed by 40.87% the S&P500.
Lightbridge Corporation is a nuclear fuel technology company. The company has a market cap of $7.38 million. The Firm participates in the nuclear power industry in the United States and internationally. It currently has negative earnings. The Company’s divisions include nuclear fuel technology business and nuclear energy consulting business.
According to Zacks Investment Research, “Lightbridge Corporation is a provider of nuclear energy consulting and strategic advisory services and a developer of nuclear fuel designs. The Company operates under two business segments: providing of nuclear energy consulting services and developing of nuclear fuel designs. Formerly Thorium Power Ltd., the company’s breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way towards a sustainable energy future. Lightbridge consultants provide integrated strategic advice and expertise across a range of disciplines including regulatory affairs, nuclear reactor procurement and deployment, reactor and fuel technology and international relations. It leverages those broad and integrated capabilities by offering their services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.”
Analysts await Lightbridge Corp (NASDAQ:LTBR) to report earnings on March, 21.
More notable recent Lightbridge Corp (NASDAQ:LTBR) news were published by: Streetinsider.com which released: “Form 8-K LIGHTBRIDGE Corp For: Nov 10” on November 10, 2016, also Thestreet.com with their article: “One Factor Bringing Lightbridge (LTBR) Stock Up” published on May 18, 2015, Quotes.Wsj.com published: “Lightbridge Corp. LTBR (US: Nasdaq)” on February 13, 2011. More interesting news about Lightbridge Corp (NASDAQ:LTBR) were released by: Streetinsider.com and their article: “Form 4 LIGHTBRIDGE Corp For: Nov 23 Filed by: MUSHAKOV ANDREY” published on November 25, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K LIGHTBRIDGE Corp For: Nov 02” with publication date: November 04, 2016.
Lightbridge Corporation, incorporated on February 2, 1999, is a nuclear fuel technology company. The Firm participates in the nuclear power industry in the United States and internationally. The Company’s divisions include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel. The nuclear energy consulting business segment provides nuclear power consulting and strategic advisory services to commercial and governmental entities across the world. The Company’s subsidiaries include Thorium Power, Inc. and Lightbridge International Holding, LLC.
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By Ellis Scott