SG Americas Securities LLC Purchases 321,123 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

SG Americas Securities LLC raised its position in Lightwave Logic, Inc. (NASDAQ:LWLG) by 364.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,213 shares of the company’s stock after buying an additional 321,123 shares during the quarter. SG Americas Securities LLC owned about 0.35% of Lightwave Logic worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Lightwave Logic by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,122,225 shares of the company’s stock worth $36,306,000 after acquiring an additional 119,834 shares during the last quarter. BlackRock Inc. increased its stake in shares of Lightwave Logic by 14.1% in the second quarter. BlackRock Inc. now owns 7,951,559 shares of the company’s stock worth $55,422,000 after purchasing an additional 980,777 shares in the last quarter. State Street Corp raised its position in shares of Lightwave Logic by 10.4% in the second quarter. State Street Corp now owns 2,483,450 shares of the company’s stock valued at $17,310,000 after purchasing an additional 234,209 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Lightwave Logic by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,303,711 shares of the company’s stock valued at $16,057,000 after buying an additional 124,162 shares in the last quarter. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Trading Up 6.7 %

LWLG opened at $4.46 on Thursday. Lightwave Logic, Inc. has a 12 month low of $3.79 and a 12 month high of $9.18. The company has a market cap of $531.54 million, a PE ratio of -24.78 and a beta of 1.98. The company has a 50 day moving average of $4.37 and a 200 day moving average of $4.59.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.04 million during the quarter.

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.