JPMorgan Chase & Co. Sells 35,700 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

JPMorgan Chase & Co. decreased its stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,982 shares of the company’s stock after selling 35,700 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Lightwave Logic worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Advocates Investment Management bought a new stake in Lightwave Logic during the 3rd quarter valued at $845,000. Barclays PLC raised its position in Lightwave Logic by 283.9% in the third quarter. Barclays PLC now owns 211,403 shares of the company’s stock worth $584,000 after acquiring an additional 156,333 shares during the period. State Street Corp raised its holdings in shares of Lightwave Logic by 2.6% in the 3rd quarter. State Street Corp now owns 2,683,519 shares of the company’s stock worth $7,407,000 after purchasing an additional 68,056 shares during the period. Geode Capital Management LLC lifted its position in shares of Lightwave Logic by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,837,589 shares of the company’s stock valued at $7,833,000 after buying an additional 37,169 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lightwave Logic by 9.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,031,361 shares of the company’s stock valued at $2,847,000 after purchasing an additional 90,609 shares during the last quarter. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Trading Up 0.5 %

LWLG opened at $1.87 on Friday. Lightwave Logic, Inc. has a 12 month low of $1.68 and a 12 month high of $5.30. The company has a 50 day moving average of $2.22 and a 200 day moving average of $2.78. The company has a market cap of $228.84 million, a PE ratio of -10.39 and a beta of 2.03.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.02 million during the quarter. Lightwave Logic had a negative net margin of 19,416.81% and a negative return on equity of 61.49%.

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.