Lightwave Logic, Inc. (NASDAQ:LWLG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Lightwave Logic, Inc. (NASDAQ:LWLG) by 30.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,207 shares of the company’s stock after selling 5,013 shares during the quarter. Principal Financial Group Inc.’s holdings in Lightwave Logic were worth $31,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management bought a new position in shares of Lightwave Logic in the 3rd quarter worth about $845,000. Barclays PLC raised its stake in 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in Lightwave Logic by 9.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,031,361 shares of the company’s stock worth $2,847,000 after acquiring an additional 90,609 shares during the last quarter. State Street Corp boosted its stake in Lightwave Logic by 2.6% in the third quarter. State Street Corp now owns 2,683,519 shares of the company’s stock valued at $7,407,000 after acquiring an additional 68,056 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Lightwave Logic during the third quarter valued at approximately $175,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Trading Down 1.3 %

Shares of Lightwave Logic stock opened at $2.34 on Wednesday. Lightwave Logic, Inc. has a twelve month low of $1.75 and a twelve month high of $5.30. The stock has a market capitalization of $286.35 million, a price-to-earnings ratio of -13.00 and a beta of 2.03. The business’s 50 day simple moving average is $2.66 and its 200-day simple moving average is $2.91.

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.