Raymond James Financial Inc. Makes New Investment in Lightwave Logic, Inc. (NASDAQ:LWLG)

Raymond James Financial Inc. purchased a new stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 16,038 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors have also made changes to their positions in the company. Walkner Condon Financial Advisors LLC raised its position in Lightwave Logic by 25.0% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 37,945 shares of the company’s stock valued at $80,000 after acquiring an additional 7,592 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of Lightwave Logic during the 4th quarter worth $129,000. SG Americas Securities LLC raised its holdings in shares of Lightwave Logic by 50.0% during the 4th quarter. SG Americas Securities LLC now owns 63,838 shares of the company’s stock valued at $134,000 after purchasing an additional 21,272 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Lightwave Logic in the 3rd quarter valued at $175,000. Finally, Barclays PLC boosted its holdings in Lightwave Logic by 283.9% in the third quarter. Barclays PLC now owns 211,403 shares of the company’s stock worth $584,000 after purchasing an additional 156,333 shares in the last quarter. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Price Performance

NASDAQ LWLG opened at $1.02 on Monday. Lightwave Logic, Inc. has a fifty-two week low of $0.79 and a fifty-two week high of $4.36. The stock’s 50-day moving average is $1.24 and its two-hundred day moving average is $2.14. The firm has a market cap of $127.10 million, a P/E ratio of -5.67 and a beta of 2.11.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.05) EPS for the quarter. Lightwave Logic had a negative net margin of 19,416.81% and a negative return on equity of 61.49%. The company had revenue of $0.02 million for the quarter.

Lightwave Logic Company 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.