Intech Investment Management LLC Invests $61,000 in Lightwave Logic, Inc. (NASDAQ:LWLG)

Intech Investment Management LLC bought a new position in Lightwave Logic, Inc. (NASDAQ:LWLG) during the third quarter, according to its most recent filing with the SEC. The firm bought 22,016 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Lightwave Logic during the second quarter valued at about $31,000. Algert Global LLC purchased a new position in Lightwave Logic in the second quarter valued at about $36,000. Daiwa Securities Group Inc. bought a new position in shares of Lightwave Logic during the 2nd quarter valued at approximately $37,000. Madison Wealth Partners Inc purchased a new stake in Lightwave Logic in the second quarter worth $46,000. Finally, Creative Planning bought a new stake in shares of Lightwave Logic in the third quarter valued at $60,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Stock Up 7.3 %

LWLG opened at $2.81 on Monday. The firm has a 50-day moving average price of $3.10 and a 200-day moving average price of $3.06. The company has a market capitalization of $343.86 million, a price-to-earnings ratio of -15.61 and a beta of 1.95. Lightwave Logic, Inc. has a twelve month low of $2.43 and a twelve month high of $5.69.

Lightwave Logic Profile

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, 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.