Legal & General Group Plc Invests $1.29 Million in Lightwave Logic Inc. $LWLG

Legal & General Group Plc bought a new position in Lightwave Logic Inc. (NASDAQ:LWLG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 136,391 shares of the company’s stock, valued at approximately $1,292,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Lightwave Logic during the 2nd quarter worth approximately $116,413,000. Alyeska Investment Group L.P. purchased a new stake in shares of Lightwave Logic in the fourth quarter worth approximately $5,508,000. State Street Corp lifted its holdings in shares of Lightwave Logic by 177.8% in the fourth quarter. State Street Corp now owns 1,593,600 shares of the company’s stock valued at $5,163,000 after purchasing an additional 1,019,881 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Lightwave Logic by 4,591.9% in the fourth quarter. Marshall Wace LLP now owns 1,013,735 shares of the company’s stock valued at $3,285,000 after purchasing an additional 992,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Lightwave Logic by 350.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 784,644 shares of the company’s stock valued at $2,542,000 after buying an additional 610,624 shares during the last quarter. Institutional investors own 27.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Friday, July 17th. Wall Street Zen cut Lightwave Logic from a “sell” rating to a “strong sell” rating in a research note on Sunday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Lightwave Logic Price Performance

Lightwave Logic stock opened at $5.35 on Monday. Lightwave Logic Inc. has a 52 week low of $2.84 and a 52 week high of $18.71. The company’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $8.56. The stock has a market cap of $824.81 million, a P/E ratio of -33.44 and a beta of 2.41.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 9,143.60% and a negative return on equity of 30.34%.

Lightwave Logic Company Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro?optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.