Virtu Financial LLC Takes Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

Virtu Financial LLC purchased a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,157 shares of the company’s stock, valued at approximately $170,000.

A number of other large investors have also added to or reduced their stakes in LWLG. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lightwave Logic by 3.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 265,394 shares of the company’s stock valued at $1,322,000 after acquiring an additional 9,090 shares during the period. Victory Capital Management Inc. lifted its position in Lightwave Logic by 23.7% during the fourth quarter. Victory Capital Management Inc. now owns 15,668 shares of the company’s stock worth $78,000 after purchasing an additional 2,998 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Lightwave Logic by 31.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,865 shares of the company’s stock worth $119,000 after buying an additional 5,778 shares in the last quarter. UMB Bank n.a. increased its holdings in Lightwave Logic by 1.6% in the 4th quarter. UMB Bank n.a. now owns 315,092 shares of the company’s stock valued at $1,569,000 after buying an additional 5,000 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Lightwave Logic by 364.5% in the 4th quarter. SG Americas Securities LLC now owns 409,213 shares of the company’s stock valued at $2,038,000 after buying an additional 321,123 shares in the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Trading Up 0.7 %

Shares of Lightwave Logic stock opened at $3.08 on Monday. The company has a 50 day moving average of $3.57 and a 200-day moving average of $4.18. The company has a market cap of $369.88 million, a PE ratio of -17.11 and a beta of 1.97. Lightwave Logic, Inc. has a 1-year low of $2.43 and a 1-year high of $9.05.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Friday, May 10th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $0.03 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.