State Board of Administration of Florida Retirement System Has $85,000 Stock Position in Lightwave Logic, Inc. (OTCMKTS:LWLG)

State Board of Administration of Florida Retirement System boosted its holdings in shares of Lightwave Logic, Inc. (OTCMKTS:LWLG – Get Rating) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,690 shares of the basic materials company’s stock after buying an additional 3,190 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Lightwave Logic were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in shares of Lightwave Logic by 25.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 26,411 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 5,325 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Lightwave Logic by 11.6% during the 1st quarter. JPMorgan Chase & Co. now owns 28,542 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 2,968 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Lightwave Logic during the 1st quarter valued at $99,000. Citigroup Inc. increased its holdings in Lightwave Logic by 28.8% during the 1st quarter. Citigroup Inc. now owns 246,117 shares of the basic materials company’s stock valued at $2,365,000 after purchasing an additional 55,103 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Lightwave Logic by 2.7% during the 1st quarter. BlackRock Inc. now owns 1,473,021 shares of the basic materials company’s stock valued at $14,155,000 after purchasing an additional 38,426 shares in the last quarter. Hedge funds and other institutional investors own 21.94% of the company’s stock.

Lightwave Logic Price Performance

LWLG stock opened at $5.41 on Wednesday. The business has a fifty day moving average price of $4.71 and a 200 day moving average price of $5.76. Lightwave Logic, Inc. has a fifty-two week low of $3.88 and a fifty-two week high of $12.43. The stock has a market capitalization of $618.96 million, a price-to-earnings ratio of -33.81 and a beta of 2.18.

Lightwave Logic (OTCMKTS:LWLG – Get Rating) last released its earnings results on Thursday, March 2nd. The basic materials company reported ($0.04) EPS for the quarter.

About Lightwave Logic

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Lightwave Logic, Inc is a development stage company which engages in the commercialization of electro-optic photonic devices. The firm offers the P2ICTM technology platform which uses in-house proprietary organic polymers. Its products include electro-optical modulation devices and proprietary polymer photonic integrated circuits.