Squarepoint Ops LLC Buys Shares of 23,222 Lightwave Logic, Inc. (NASDAQ:LWLG)

Squarepoint Ops LLC bought a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,222 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Lightwave Logic in the fourth quarter valued at about $34,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $349,000 after purchasing an additional 35,433 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Lightwave Logic in the fourth quarter valued at about $35,000. Wells Fargo & Company MN lifted its holdings in shares of Lightwave Logic by 40.8% in the fourth quarter. Wells Fargo & Company MN now owns 61,527 shares of the company’s stock valued at $129,000 after purchasing an additional 17,838 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Lightwave Logic by 45.5% in the fourth quarter. ProShare Advisors LLC now owns 48,879 shares of the company’s stock valued at $103,000 after purchasing an additional 15,294 shares in the last quarter. 27.04% of the stock is owned by institutional investors and hedge funds.

Lightwave Logic Stock Performance

LWLG opened at $1.30 on Wednesday. Lightwave Logic, Inc. has a 52-week low of $0.79 and a 52-week high of $4.23. The firm has a market capitalization of $162.55 million, a PE ratio of -7.22 and a beta of 2.26. The business’s 50-day simple moving average is $1.00 and its 200 day simple moving average is $1.51.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million during the quarter. Lightwave Logic had a negative net margin of 19,416.81% and a negative return on equity of 61.49%.

About Lightwave Logic

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.