Madison Wealth Partners Inc Takes Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

Madison Wealth Partners Inc bought a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,258 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Virtu Financial LLC bought a new position in Lightwave Logic in the fourth quarter valued at approximately $170,000. Vanguard Group Inc. boosted its holdings in shares of Lightwave Logic by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 8,527,463 shares of the company’s stock valued at $39,909,000 after buying an additional 140,851 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Lightwave Logic by 23.7% in the fourth quarter. Victory Capital Management Inc. now owns 15,668 shares of the company’s stock valued at $78,000 after buying an additional 2,998 shares in the last quarter. UMB Bank n.a. increased its holdings in Lightwave Logic by 5.1% during the second quarter. UMB Bank n.a. now owns 331,092 shares of the company’s stock worth $990,000 after buying an additional 16,000 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Lightwave Logic by 14.8% during the first quarter. ProShare Advisors LLC now owns 29,739 shares of the company’s stock worth $139,000 after buying an additional 3,832 shares during the last quarter. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Price Performance

Shares of LWLG stock opened at $2.55 on Tuesday. The company has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $3.49. Lightwave Logic, Inc. has a one year low of $2.43 and a one year high of $5.69. The stock has a market cap of $306.24 million, a P/E ratio of -14.17 and a beta of 2.00.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Friday, August 9th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million for 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.