Geode Capital Management LLC Has $7.83 Million Holdings in Lightwave Logic, Inc. (NASDAQ:LWLG)

Geode Capital Management LLC increased its holdings in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,837,589 shares of the company’s stock after acquiring an additional 37,169 shares during the quarter. Geode Capital Management LLC owned about 2.32% of Lightwave Logic worth $7,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC bought a new stake in Lightwave Logic during the second quarter worth about $31,000. Algert Global LLC bought a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $36,000. Daiwa Securities Group Inc. bought a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $37,000. Madison Wealth Partners Inc acquired a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $46,000. Finally, Creative Planning bought a new position in Lightwave Logic in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Stock Performance

Shares of LWLG opened at $2.16 on Friday. Lightwave Logic, Inc. has a 52-week low of $1.75 and a 52-week high of $5.30. The firm has a market cap of $264.33 million, a price-to-earnings ratio of -12.00 and a beta of 1.95. The business’s fifty day moving average is $2.72 and its 200-day moving average is $2.93.

Lightwave Logic Profile

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.