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 bought a new stake in Lightwave Logic Inc. (NASDAQ:LWLGFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 218,665 shares of the company’s stock, valued at approximately $2,069,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Lightwave Logic as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LWLG. BlackRock Inc. purchased a new stake in shares of Lightwave Logic in the 2nd quarter valued at approximately $116,413,000. Bleakley Financial Group LLC acquired a new stake in shares of Lightwave Logic in the 1st quarter valued at $1,739,000. Bank of New York Mellon Corp purchased a new stake in shares of Lightwave Logic during the 2nd quarter worth $4,370,000. Deutsche Bank AG purchased a new stake in shares of Lightwave Logic during the 2nd quarter worth $1,572,000. Finally, Bank of America Corp DE grew its stake in shares of Lightwave Logic by 177.3% during the first quarter. Bank of America Corp DE now owns 201,751 shares of the company’s stock worth $1,418,000 after purchasing an additional 128,988 shares in the last quarter. Hedge funds and other institutional investors own 27.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LWLG shares. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. Wall Street Zen cut Lightwave Logic from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Research Report on Lightwave Logic

Lightwave Logic Trading Up 1.4%

LWLG stock opened at $5.23 on Friday. The stock has a market cap of $806.29 million, a P/E ratio of -32.69 and a beta of 2.41. Lightwave Logic Inc. has a twelve month low of $2.84 and a twelve month high of $18.71. The company’s 50 day moving average is $6.39 and its two-hundred day moving average is $8.59.

Lightwave Logic (NASDAQ:LWLGGet Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company 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%.

Lightwave Logic Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lightwave Logic (NASDAQ:LWLG)

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