Ameriprise Financial Inc. Takes $35,000 Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

Ameriprise Financial Inc. bought a new stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,650 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LWLG. ExodusPoint Capital Management LP boosted its position in shares of Lightwave Logic by 1,465.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 173,842 shares of the company’s stock valued at $365,000 after acquiring an additional 162,737 shares during the last quarter. Jane Street Group LLC lifted its position in Lightwave Logic by 141.0% in the fourth quarter. Jane Street Group LLC now owns 275,062 shares of the company’s stock worth $578,000 after buying an additional 160,921 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Lightwave Logic by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 424,867 shares of the company’s stock worth $892,000 after buying an additional 74,954 shares during the last quarter. Vanguard Group Inc. lifted its position in 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 last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Lightwave Logic by 27.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 165,768 shares of the company’s stock worth $349,000 after buying an additional 35,433 shares during the last quarter. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Stock Up 4.8%

Shares of LWLG opened at $1.10 on Friday. The company has a market cap of $137.55 million, a PE ratio of -6.11 and a beta of 2.26. The business has a fifty day moving average of $0.98 and a 200 day moving average of $1.53. Lightwave Logic, Inc. has a 52-week low of $0.79 and a 52-week high of $4.23.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during 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.