Daiwa Securities Group Inc. Takes Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

Daiwa Securities Group Inc. bought a new position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,251 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LWLG. Victory Capital Management Inc. raised its holdings in Lightwave Logic by 23.7% during the fourth quarter. Victory Capital Management Inc. now owns 15,668 shares of the company’s stock worth $78,000 after purchasing an additional 2,998 shares in the last quarter. ProShare Advisors LLC raised its stake in Lightwave Logic by 14.8% during the 1st quarter. ProShare Advisors LLC now owns 29,739 shares of the company’s stock worth $139,000 after acquiring an additional 3,832 shares in the last quarter. Virtu Financial LLC purchased a new stake in Lightwave Logic in the fourth quarter valued at $170,000. Price T Rowe Associates Inc. MD boosted its stake in Lightwave Logic by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 83,428 shares of the company’s stock valued at $391,000 after acquiring an additional 3,609 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Lightwave Logic by 5.3% during the second quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock worth $474,000 after purchasing an additional 8,033 shares during the last quarter. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Stock Performance

Lightwave Logic stock opened at $2.72 on Thursday. The company has a market capitalization of $326.66 million, a P/E ratio of -15.11 and a beta of 2.00. Lightwave Logic, Inc. has a fifty-two week low of $2.43 and a fifty-two week high of $5.69. The stock has a 50-day simple moving average of $3.02 and a 200-day simple moving average of $3.47.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data 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.

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.