Lightwave Logic, Inc. (NASDAQ:LWLG) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its stake in Lightwave Logic, Inc. (NASDAQ:LWLG) by 1,465.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,842 shares of the company’s stock after buying an additional 162,737 shares during the period. ExodusPoint Capital Management LP owned about 0.14% of Lightwave Logic worth $365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LWLG. Raymond James Financial Inc. bought a new stake in shares of Lightwave Logic in the 4th quarter worth about $34,000. Walkner Condon Financial Advisors LLC grew its stake in Lightwave Logic by 25.0% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 37,945 shares of the company’s stock worth $80,000 after purchasing an additional 7,592 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in Lightwave Logic in the fourth quarter worth about $129,000. SG Americas Securities LLC raised its stake in Lightwave Logic by 50.0% during the fourth quarter. SG Americas Securities LLC now owns 63,838 shares of the company’s stock valued at $134,000 after buying an additional 21,272 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Lightwave Logic during the 3rd quarter worth approximately $175,000. 27.04% of the stock is owned by institutional investors and hedge funds.

Lightwave Logic Trading Up 7.4 %

Shares of NASDAQ LWLG opened at $1.02 on Friday. The company has a market capitalization of $127.10 million, a price-to-earnings ratio of -5.67 and a beta of 2.11. Lightwave Logic, Inc. has a twelve month low of $0.79 and a twelve month high of $4.36. The business has a 50 day simple moving average of $1.24 and a 200-day simple moving average of $2.14.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Tuesday, March 18th. The company reported ($0.05) earnings per share for the quarter. Lightwave Logic had a negative net margin of 19,416.81% and a negative return on equity of 61.49%. The business had revenue of $0.02 million for the quarter.

Lightwave Logic Company 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.