Algert Global LLC Makes New $2.75 Million Investment in Lightwave Logic Inc. $LWLG

Algert Global LLC acquired a new stake in shares of Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 291,050 shares of the company's stock, valued at approximately $2,753,000. Algert Global LLC owned 0.19% of Lightwave Logic as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LWLG. Greenspring Advisors LLC bought a new position in Lightwave Logic during the 2nd quarter valued at about $679,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Lightwave Logic during the second quarter worth approximately $95,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Lightwave Logic during the second quarter worth approximately $127,000. BlackRock Inc. bought a new position in shares of Lightwave Logic in the second quarter valued at approximately $116,413,000. Finally, Deutsche Bank AG bought a new position in shares of Lightwave Logic in the second quarter valued at approximately $1,572,000. Institutional investors and hedge funds own 27.04% of the company's stock.

Analyst Ratings Changes

LWLG has been the topic of a number of research analyst reports. Wall Street Zen lowered Lightwave Logic from a "sell" rating to a "strong sell" rating in a research report on Saturday. Weiss Ratings reiterated a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic presently has an average rating of "Sell".

Lightwave Logic Price Performance

Shares of LWLG stock opened at $5.49 on Friday. The stock has a market cap of $846.39 million, a PE ratio of -34.31 and a beta of 2.48. The stock has a 50-day moving average of $7.04 and a 200-day moving average of $8.46. Lightwave Logic Inc. has a one year low of $2.84 and a one year high of $18.71.

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

Lightwave Logic 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.

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