Financial Advocates Investment Management acquired a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 305,986 shares of the company's stock, valued at approximately $845,000. Financial Advocates Investment Management owned about 0.25% of Lightwave Logic as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of LWLG. Creative Planning acquired a new position in Lightwave Logic in the third quarter valued at about $60,000. SG Americas Securities LLC acquired a new stake in shares of Lightwave Logic in the 3rd quarter valued at approximately $117,000. Algert Global LLC bought a new position in Lightwave Logic during the 2nd quarter worth approximately $36,000. Ensign Peak Advisors Inc grew its holdings in Lightwave Logic by 53.2% during the second quarter. Ensign Peak Advisors Inc now owns 97,152 shares of the company's stock valued at $290,000 after purchasing an additional 33,750 shares during the period. Finally, AE Wealth Management LLC bought a new stake in Lightwave Logic in the second quarter valued at approximately $31,000. 27.04% of the stock is owned by institutional investors.
Lightwave Logic Stock Performance
Shares of Lightwave Logic stock traded up $0.01 during trading on Friday, reaching $3.16. The stock had a trading volume of 347,520 shares, compared to its average volume of 793,823. Lightwave Logic, Inc. has a 52 week low of $2.43 and a 52 week high of $5.69. The stock has a fifty day moving average price of $2.97 and a two-hundred day moving average price of $3.22.
Lightwave Logic (NASDAQ:LWLG - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $0.02 million during the quarter.
About Lightwave Logic
(
Free Report)
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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