Geode Capital Management LLC Buys 37,169 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

Geode Capital Management LLC lifted its stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,837,589 shares of the company’s stock after purchasing an additional 37,169 shares during the quarter. Geode Capital Management LLC’s holdings in Lightwave Logic were worth $7,833,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Advocates Investment Management acquired a new stake in Lightwave Logic in the 3rd quarter valued at $845,000. Bank of New York Mellon Corp lifted its stake in shares of Lightwave Logic by 10.0% in the second quarter. Bank of New York Mellon Corp now owns 434,991 shares of the company’s stock valued at $1,301,000 after buying an additional 39,576 shares in the last quarter. Barclays PLC increased its position in shares of Lightwave Logic by 283.9% during the third quarter. Barclays PLC now owns 211,403 shares of the company’s stock worth $584,000 after acquiring an additional 156,333 shares in the last quarter. State Street Corp increased its position in shares of Lightwave Logic by 2.6% during the third quarter. State Street Corp now owns 2,683,519 shares of the company’s stock worth $7,407,000 after acquiring an additional 68,056 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Lightwave Logic in the 2nd quarter valued at about $37,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Stock Up 2.9 %

Shares of NASDAQ:LWLG opened at $2.16 on Friday. The stock has a market cap of $264.33 million, a price-to-earnings ratio of -12.00 and a beta of 1.95. Lightwave Logic, Inc. has a 12-month low of $1.75 and a 12-month high of $5.30. The business’s 50 day moving average is $2.72 and its 200 day moving average is $2.93.

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.