Laila Partridge Sells 10,000 Shares of Lightwave Logic (NASDAQ:LWLG) Stock

Lightwave Logic Inc. (NASDAQ:LWLG) Director Laila Partridge sold 10,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.11, for a total transaction of $41,100.00. Following the completion of the transaction, the director directly owned 53,802 shares of the company’s stock, valued at approximately $221,126.22. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Lightwave Logic Price Performance

Shares of NASDAQ:LWLG opened at $4.70 on Friday. The firm has a market capitalization of $608.37 million, a price-to-earnings ratio of -26.11 and a beta of 2.53. The business’s 50 day simple moving average is $3.01 and its 200-day simple moving average is $1.82. Lightwave Logic Inc. has a 12 month low of $0.79 and a 12 month high of $5.00.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 66.64% and a negative net margin of 22,321.05%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LWLG. BNP Paribas Financial Markets acquired a new stake in shares of Lightwave Logic during the 4th quarter worth about $32,000. Ameriprise Financial Inc. purchased a new position in shares of Lightwave Logic during the fourth quarter valued at approximately $35,000. Squarepoint Ops LLC acquired a new stake in Lightwave Logic during the fourth quarter worth approximately $49,000. WINTON GROUP Ltd purchased a new stake in Lightwave Logic in the 2nd quarter worth approximately $39,000. Finally, Hudson Bay Capital Management LP acquired a new position in Lightwave Logic in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LWLG. Wall Street Zen raised shares of Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.