Lightwave Logic (NASDAQ:LWLG) Releases Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) posted its earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%. The firm had revenue of $0.03 million during the quarter.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock traded up $0.04 on Friday, hitting $4.84. 1,261,109 shares of the company’s stock traded hands, compared to its average volume of 1,430,827. The firm’s 50-day moving average price is $4.52 and its two-hundred day moving average price is $2.68. The stock has a market capitalization of $626.49 million, a PE ratio of -26.89 and a beta of 2.58. Lightwave Logic has a one year low of $0.79 and a one year high of $6.26.

Insider Buying and Selling

In related news, Director Ronald A. Bucchi sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $3.97, for a total transaction of $39,700.00. Following the sale, the director owned 185,583 shares of the company’s stock, valued at approximately $736,764.51. This trade represents a 5.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.11, for a total value of $41,100.00. Following the sale, the director directly owned 53,802 shares in the company, valued at approximately $221,126.22. This represents a 15.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,000 shares of company stock valued at $106,300 over the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Lightwave Logic by 18.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock worth $44,000 after purchasing an additional 5,468 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Lightwave Logic by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after buying an additional 7,282 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Lightwave Logic by 42.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 36,283 shares of the company’s stock worth $45,000 after buying an additional 10,839 shares during the last quarter. Westover Capital Advisors LLC boosted its stake in Lightwave Logic by 18.1% in the third quarter. Westover Capital Advisors LLC now owns 80,933 shares of the company’s stock valued at $300,000 after buying an additional 12,400 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Lightwave Logic by 3.4% in the third quarter. UMB Bank n.a. now owns 379,592 shares of the company’s stock valued at $1,408,000 after acquiring an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LWLG. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.