Virtu Financial LLC purchased a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,309 shares of the company’s stock, valued at approximately $175,000. Virtu Financial LLC owned about 0.05% of Lightwave Logic as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC acquired a new position in shares of Lightwave Logic in the 2nd quarter valued at about $31,000. Algert Global LLC purchased a new position in Lightwave Logic during the second quarter valued at approximately $36,000. Daiwa Securities Group Inc. acquired a new position in Lightwave Logic in the second quarter valued at approximately $37,000. Madison Wealth Partners Inc purchased a new stake in Lightwave Logic in the 2nd quarter worth approximately $46,000. Finally, Creative Planning acquired a new stake in shares of Lightwave Logic during the 3rd quarter worth approximately $60,000. 27.04% of the stock is owned by institutional investors and hedge funds.
Lightwave Logic Price Performance
LWLG opened at $1.93 on Thursday. The firm has a fifty day moving average price of $3.03 and a 200 day moving average price of $3.01. Lightwave Logic, Inc. has a 1 year low of $1.75 and a 1 year high of $5.69. The stock has a market cap of $236.18 million, a P/E ratio of -10.72 and a beta of 1.95.
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.
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