Jane Street Group LLC Decreases Stake in Lightwave Logic, Inc. (NASDAQ:LWLG)

Jane Street Group LLC cut its stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 37.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,141 shares of the company’s stock after selling 69,682 shares during the quarter. Jane Street Group LLC’s holdings in Lightwave Logic were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of 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 during the last quarter. Rhumbline Advisers raised its stake in shares of Lightwave Logic by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock valued at $474,000 after buying an additional 8,033 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at about $37,000. Madison Wealth Partners Inc acquired a new position in Lightwave Logic in the second quarter valued at approximately $46,000. Finally, AE Wealth Management LLC purchased a new stake in Lightwave Logic during the second quarter worth $31,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

Lightwave Logic Stock Down 5.6 %

Shares of Lightwave Logic stock opened at $2.21 on Friday. The firm has a market cap of $270.44 million, a PE ratio of -12.28 and a beta of 2.03. The business has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.90. Lightwave Logic, Inc. has a twelve month low of $1.75 and a twelve month high of $5.30.

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.