LPL Financial LLC lifted its holdings in Lightwave Logic, Inc. (NASDAQ:LWLG – Free Report) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,402 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. LPL Financial LLC owned about 0.20% of Lightwave Logic worth $1,592,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its position in Lightwave Logic by 703.4% during the 2nd quarter. UBS Group AG now owns 3,808 shares of the company’s stock worth $25,000 after acquiring an additional 3,334 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lightwave Logic in the 1st quarter valued at about $99,000. Millennium Management LLC purchased a new position in shares of Lightwave Logic in the 4th quarter valued at about $47,000. Royal Bank of Canada increased its stake in shares of Lightwave Logic by 171.4% in the 1st quarter. Royal Bank of Canada now owns 12,485 shares of the company’s stock valued at $120,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Lightwave Logic in the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 26.11% of the company’s stock.
Lightwave Logic Stock Down 2.6 %
Shares of Lightwave Logic stock opened at $4.57 on Tuesday. Lightwave Logic, Inc. has a twelve month low of $3.88 and a twelve month high of $9.64. The business has a 50-day moving average price of $4.84 and a 200 day moving average price of $5.98. The firm has a market cap of $532.22 million, a PE ratio of -25.39 and a beta of 2.21.
Lightwave Logic Company Profile
Lightwave Logic, Inc, a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.
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