Wells Fargo & Company MN Purchases 17,838 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

Wells Fargo & Company MN boosted its position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 40.8% in the fourth quarter, Holdings Channel reports. The fund owned 61,527 shares of the company’s stock after acquiring an additional 17,838 shares during the period. Wells Fargo & Company MN’s holdings in Lightwave Logic were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LWLG. Vanguard Group Inc. lifted its position in shares of Lightwave Logic by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,581,221 shares of the company’s stock worth $20,121,000 after purchasing an additional 47,280 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lightwave Logic by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,867,308 shares of the company’s stock worth $6,023,000 after buying an additional 29,719 shares during the last quarter. LPL Financial LLC boosted its position in shares of Lightwave Logic by 8.0% in the fourth quarter. LPL Financial LLC now owns 429,195 shares of the company’s stock valued at $901,000 after acquiring an additional 31,920 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Lightwave Logic by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 424,867 shares of the company’s stock worth $892,000 after acquiring an additional 74,954 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Lightwave Logic by 4.8% during the fourth quarter. UMB Bank n.a. now owns 347,092 shares of the company’s stock worth $729,000 after acquiring an additional 16,000 shares during the period. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock opened at $1.01 on Friday. Lightwave Logic, Inc. has a fifty-two week low of $0.79 and a fifty-two week high of $4.36. The firm has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.84. The company has a market cap of $125.85 million, a PE ratio of -5.61 and a beta of 2.31.

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 return on equity of 61.49% and a negative net margin of 19,416.81%. The firm 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.