Lightwave Logic, Inc. (NASDAQ:LWLG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 30.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,207 shares of the company’s stock after selling 5,013 shares during the period. Principal Financial Group Inc.’s holdings in Lightwave Logic were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AE Wealth Management LLC acquired a new position in Lightwave Logic during the second quarter worth about $31,000. Algert Global LLC purchased a new stake in Lightwave Logic in the 2nd quarter worth approximately $36,000. Daiwa Securities Group Inc. purchased a new position in Lightwave Logic in the second quarter valued at about $37,000. Madison Wealth Partners Inc bought a new position in Lightwave Logic during the second quarter valued at approximately $46,000. Finally, Creative Planning bought a new stake in shares of Lightwave Logic during the 3rd quarter worth about $60,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Price Performance

Lightwave Logic stock opened at $2.72 on Wednesday. Lightwave Logic, Inc. has a fifty-two week low of $2.43 and a fifty-two week high of $5.69. The firm has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $3.13. The firm has a market cap of $332.85 million, a price-to-earnings ratio of -16.00 and a beta of 2.00.

Lightwave Logic Company 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.