Bank of New York Mellon Corp Invests $4.37 Million in Lightwave Logic Inc. $LWLG

Key Points

• Bank of New York Mellon purchased 461,945 shares of Lightwave Logic, valued at approximately $4.37 million, giving it a 0.30% stake. Institutional investors collectively owned 27.04% of the company.
• Lightwave Logic reported a quarterly loss of $0.04 per share on just $0.03 million in revenue, with a negative net margin of 9,143.60% and negative return on equity of 30.34%.
• LWLG shares opened at $5.35, well below their 50-day and 200-day moving averages, while analyst sentiment remained negative with a consensus rating of “Sell.”

Bank of New York Mellon Corp purchased a new stake in shares of Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 461,945 shares of the company's stock, valued at approximately $4,370,000. Bank of New York Mellon Corp owned 0.30% of Lightwave Logic at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC bought a new position in shares of Lightwave Logic during the first quarter valued at approximately $1,739,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Lightwave Logic in the fourth quarter worth approximately $428,000. Bank of America Corp DE raised its stake in Lightwave Logic by 177.3% in the first quarter. Bank of America Corp DE now owns 201,751 shares of the company's stock worth $1,418,000 after buying an additional 128,988 shares in the last quarter. PTM Wealth Management LLC purchased a new stake in Lightwave Logic during the second quarter worth $605,000. Finally, Farther Finance Advisors LLC lifted its holdings in Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company's stock worth $30,000 after buying an additional 3,055 shares during the period. 27.04% of the stock is owned by hedge funds and other institutional investors.

Lightwave Logic Trading Up 4.5%

Shares of LWLG stock opened at $5.35 on Friday. The business's fifty day simple moving average is $6.69 and its 200-day simple moving average is $8.52. The company has a market cap of $824.81 million, a PE ratio of -33.44 and a beta of 2.41. Lightwave Logic Inc. has a 12-month low of $2.84 and a 12-month high of $18.71.

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

Analyst Ratings Changes

Several brokerages have issued reports on LWLG. Wall Street Zen cut Lightwave Logic from a "sell" rating to a "strong sell" rating in a research report on Sunday. Weiss Ratings reissued a "sell (e+)" rating on shares of Lightwave Logic in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

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.

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