Lightwave Logic, Inc. (NASDAQ:LWLG) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 67.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,934 shares of the company’s stock after selling 82,969 shares during the quarter. Legal & General Group Plc’s holdings in Lightwave Logic were worth $83,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LWLG. Wells Fargo & Company MN grew its holdings in shares of Lightwave Logic by 40.8% in the 4th quarter. Wells Fargo & Company MN now owns 61,527 shares of the company’s stock worth $129,000 after acquiring an additional 17,838 shares during the last quarter. RPO LLC purchased a new position in Lightwave Logic in the 4th quarter worth about $55,000. ExodusPoint Capital Management LP increased its stake in Lightwave Logic by 1,465.4% in the 4th quarter. ExodusPoint Capital Management LP now owns 173,842 shares of the company’s stock worth $365,000 after purchasing an additional 162,737 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lightwave Logic by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,867,308 shares of the company’s stock valued at $6,023,000 after buying an additional 29,719 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Lightwave Logic by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,581,221 shares of the company’s stock worth $20,121,000 after buying an additional 47,280 shares during the period. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Trading Down 0.9 %

Shares of NASDAQ LWLG opened at $0.88 on Friday. Lightwave Logic, Inc. has a one year low of $0.79 and a one year high of $4.36. The business has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $1.96. The firm has a market capitalization of $109.90 million, a PE ratio of -4.90 and a beta of 2.11.

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

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.