218,665 Shares in Lightwave Logic Inc. $LWLG Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG) during the second quarter, Holdings Channel reports. The firm purchased 218,665 shares of the company’s stock, valued at approximately $2,069,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. lifted its stake in Lightwave Logic by 11.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock valued at $126,000 after buying an additional 3,865 shares during the last quarter. Greenspring Advisors LLC grew its position in shares of Lightwave Logic by 7.5% during the fourth quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after acquiring an additional 5,000 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Lightwave Logic by 14.0% during the second quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock worth $74,000 after acquiring an additional 7,282 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at $72,000. Finally, LPL Financial LLC increased its holdings in shares of Lightwave Logic by 1.0% in the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock valued at $2,525,000 after acquiring an additional 7,870 shares during the period. Hedge funds and other institutional investors own 27.04% of the company’s stock.

Analyst Ratings Changes

LWLG has been the subject of a number of recent research reports. Wall Street Zen cut shares of Lightwave Logic from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th. Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

Lightwave Logic stock opened at $5.23 on Friday. The business has a 50 day simple moving average of $6.39 and a 200-day simple moving average of $8.59. Lightwave Logic Inc. has a 12 month low of $2.84 and a 12 month high of $18.71. The stock has a market capitalization of $806.29 million, a PE ratio of -32.69 and a beta of 2.41.

Lightwave Logic (NASDAQ:LWLG) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.04) earnings per share 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.