Intech Investment Management LLC Invests $61,000 in Lightwave Logic, Inc. (NASDAQ:LWLG)

Intech Investment Management LLC bought a new position in Lightwave Logic, Inc. (NASDAQ:LWLG) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 22,016 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Lightwave Logic by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 434,991 shares of the company’s stock valued at $1,301,000 after acquiring an additional 39,576 shares in the last quarter. UMB Bank n.a. increased its position in shares of Lightwave Logic by 5.1% during the 2nd quarter. UMB Bank n.a. now owns 331,092 shares of the company’s stock valued at $990,000 after purchasing an additional 16,000 shares during the last quarter. Financial Advocates Investment Management purchased a new position in shares of Lightwave Logic during the 3rd quarter worth $845,000. Rhumbline Advisers grew its holdings in Lightwave Logic by 5.3% during the second quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock valued at $474,000 after purchasing an additional 8,033 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in 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 acquiring an additional 33,750 shares in the last quarter. 27.04% of the stock is owned by hedge funds and other institutional investors.

Lightwave Logic Stock Performance

Shares of Lightwave Logic stock opened at $2.81 on Monday. The company has a fifty day moving average of $3.10 and a 200 day moving average of $3.06. The company has a market capitalization of $343.86 million, a P/E ratio of -15.61 and a beta of 1.95. Lightwave Logic, Inc. has a fifty-two week low of $2.43 and a fifty-two week high of $5.69.

About Lightwave Logic

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.