SG Americas Securities LLC Invests $117,000 in Lightwave Logic, Inc. (NASDAQ:LWLG)

SG Americas Securities LLC purchased a new position in Lightwave Logic, Inc. (NASDAQ:LWLG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,566 shares of the company’s stock, valued at approximately $117,000.

A number of other large investors also recently modified their holdings of the business. Algert Global LLC bought a new position in shares of Lightwave Logic in the 2nd quarter worth about $36,000. Ensign Peak Advisors Inc lifted its position in shares of Lightwave Logic by 53.2% in the 2nd quarter. Ensign Peak Advisors Inc now owns 97,152 shares of the company’s stock worth $290,000 after buying an additional 33,750 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Lightwave Logic in the 2nd quarter worth about $31,000. Madison Wealth Partners Inc bought a new position in shares of Lightwave Logic in the 2nd quarter worth about $46,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Lightwave Logic in the 2nd quarter worth about $37,000. 27.04% of the stock is currently owned by institutional investors.

Lightwave Logic Stock Down 4.0 %

Shares of NASDAQ:LWLG opened at $3.32 on Friday. The company has a market cap of $400.79 million, a PE ratio of -18.44 and a beta of 2.00. The company’s 50-day moving average price is $2.91 and its 200 day moving average price is $3.24. Lightwave Logic, Inc. has a fifty-two week low of $2.43 and a fifty-two week high of $5.69.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $0.02 million for 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.