247,347 Shares in Lightwave Logic Inc. $LWLG Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 247,347 shares of the company’s stock, valued at approximately $1,739,000.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Lightwave Logic during the 4th quarter worth $428,000. Farther Finance Advisors LLC lifted its position in shares of Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after acquiring an additional 3,055 shares during the period. Bernardo Wealth Planning LLC acquired a new stake in shares of Lightwave Logic during the 4th quarter worth $33,000. Dakota Wealth Management bought a new position in shares of Lightwave Logic in the fourth quarter worth $36,000. Finally, Kathmere Capital Management LLC acquired a new position in Lightwave Logic in the fourth quarter valued at about $33,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock opened at $6.29 on Friday. The firm has a market cap of $969.41 million, a price-to-earnings ratio of -37.00 and a beta of 2.40. The stock’s 50-day moving average is $10.35 and its 200 day moving average is $7.88. Lightwave Logic Inc. has a one year low of $1.75 and a one year high of $18.71.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%. The company had revenue of $0.03 million during the quarter.

Analyst Ratings Changes

LWLG has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Lightwave Logic Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.