First Western Trust Bank Sells 10,000 Shares of Lightwave Logic, Inc. (OTCMKTS:LWLG)

First Western Trust Bank lessened its holdings in shares of Lightwave Logic, Inc. (OTCMKTS:LWLG – Get Rating) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,598 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. First Western Trust Bank owned about 0.21% of Lightwave Logic worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LWLG. UBS Group AG boosted its position in shares of Lightwave Logic by 703.4% in the second quarter. UBS Group AG now owns 3,808 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 3,334 shares during the period. ProShare Advisors LLC boosted its position in shares of Lightwave Logic by 18.0% in the fourth quarter. ProShare Advisors LLC now owns 14,537 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 2,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Lightwave Logic by 18.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,395 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,446 shares in the last quarter. Raymond James & Associates raised its stake in Lightwave Logic by 45.5% in the fourth quarter. Raymond James & Associates now owns 16,188 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 5,063 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Lightwave Logic by 19.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 19,690 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 3,190 shares in the last quarter. Institutional investors own 21.94% of the company’s stock.

Lightwave Logic Trading Up 6.0 %

Shares of LWLG stock traded up $0.31 during trading hours on Friday, hitting $5.50. 3,736,435 shares of the company’s stock were exchanged, compared to its average volume of 636,280. Lightwave Logic, Inc. has a 12-month low of $3.88 and a 12-month high of $12.43. The business’s 50 day simple moving average is $4.72 and its 200-day simple moving average is $5.75.

Lightwave Logic (OTCMKTS:LWLG – Get Rating) last issued its earnings results on Thursday, March 2nd. The basic materials company reported ($0.04) EPS for the quarter.

Lightwave Logic Profile

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Lightwave Logic, Inc is a development stage company which engages in the commercialization of electro-optic photonic devices. The firm offers the P2ICTM technology platform which uses in-house proprietary organic polymers. Its products include electro-optical modulation devices and proprietary polymer photonic integrated circuits.