Lightwave Logic, Inc. (NASDAQ:LWLG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,838 shares of the company’s stock after purchasing an additional 21,272 shares during the period. SG Americas Securities LLC owned about 0.05% of Lightwave Logic worth $134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Advocates Investment Management acquired a new position in Lightwave Logic during the third quarter worth approximately $845,000. Capital Investment Advisors LLC purchased a new position in shares of Lightwave Logic during the fourth quarter worth approximately $129,000. Barclays PLC grew 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 during the last quarter. State Street Corp increased its holdings in shares of Lightwave Logic by 2.6% in the 3rd 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, Geode Capital Management LLC raised its position in Lightwave Logic by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,837,589 shares of the company’s stock valued at $7,833,000 after purchasing an additional 37,169 shares during the last quarter. 27.04% of the stock is owned by hedge funds and other institutional investors.

Lightwave Logic Stock Performance

Shares of Lightwave Logic stock opened at $1.71 on Tuesday. The company has a market capitalization of $209.25 million, a P/E ratio of -9.50 and a beta of 2.00. Lightwave Logic, Inc. has a 1 year low of $1.67 and a 1 year high of $5.30. The company’s fifty day moving average is $2.08 and its two-hundred day moving average is $2.66.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company 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 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.