Legal & General Group Plc Buys New Position in Lightwave Logic Inc. $LWLG

Legal & General Group Plc bought a new stake in shares of Lightwave Logic Inc. (NASDAQ:LWLG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 136,391 shares of the company’s stock, valued at approximately $1,292,000. Legal & General Group Plc owned 0.09% of Lightwave Logic as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Lightwave Logic in the 2nd quarter valued at $395,000. Algert Global LLC acquired a new stake in shares of Lightwave Logic during the second quarter worth $2,753,000. Greenspring Advisors LLC acquired a new stake in Lightwave Logic during the 2nd quarter worth about $679,000. TRU Independence Asset Management 2 LLC acquired a new stake in Lightwave Logic during the 2nd quarter worth about $95,000. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Lightwave Logic in the 2nd quarter worth about $127,000. Institutional investors own 27.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LWLG. Wall Street Zen downgraded Lightwave Logic from a “sell” rating to a “strong sell” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Stock Performance

LWLG stock opened at $5.35 on Monday. The stock’s 50 day simple moving average is $6.69 and its 200 day simple moving average is $8.56. Lightwave Logic Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $18.71. The company has a market cap of $824.81 million, a P/E ratio of -33.44 and a beta of 2.41.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%.

About Lightwave Logic

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.