Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,778 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,865 shares of the company’s stock after acquiring an additional 5,778 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lightwave Logic were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LWLG. SG Americas Securities LLC raised its stake in Lightwave Logic by 364.5% during the 4th quarter. SG Americas Securities LLC now owns 409,213 shares of the company’s stock worth $2,038,000 after acquiring an additional 321,123 shares during the period. Kestra Advisory Services LLC raised its holdings in Lightwave Logic by 20.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 49,380 shares of the company’s stock valued at $221,000 after buying an additional 8,427 shares during the period. Swiss National Bank raised its stake in shares of Lightwave Logic by 1.4% in the third quarter. Swiss National Bank now owns 239,000 shares of the company’s stock valued at $1,068,000 after acquiring an additional 3,200 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Lightwave Logic by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 386,659 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,307 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Lightwave Logic by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,122,225 shares of the company’s stock worth $36,306,000 after purchasing an additional 119,834 shares during the period. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Lightwave Logic Stock Up 2.5 %

LWLG opened at $4.05 on Friday. The business has a fifty day moving average of $4.14 and a 200 day moving average of $4.44. Lightwave Logic, Inc. has a 52-week low of $3.57 and a 52-week high of $9.18. The stock has a market cap of $484.38 million, a P/E ratio of -22.50 and a beta of 2.10.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.04 million for the quarter.

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.