BlackRock Inc. Invests $116.41 Million in Lightwave Logic Inc. $LWLG

BlackRock Inc. acquired a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,305,846 shares of the company's stock, valued at approximately $116,413,000. BlackRock Inc. owned 7.98% of Lightwave Logic as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LWLG. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 3,055 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in Lightwave Logic by 11.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company's stock worth $126,000 after buying an additional 3,865 shares during the last quarter. Greenspring Advisors LLC boosted its holdings in Lightwave Logic by 7.5% in the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company's stock worth $232,000 after buying an additional 5,000 shares during the last quarter. Osaic Holdings Inc. increased its stake in Lightwave Logic by 14.0% during the 2nd quarter. Osaic Holdings Inc. now owns 59,392 shares of the company's stock worth $74,000 after buying an additional 7,282 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Lightwave Logic by 1.0% during the 4th quarter. LPL Financial LLC now owns 779,226 shares of the company's stock worth $2,525,000 after buying an additional 7,870 shares in the last quarter. 27.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Lightwave Logic Trading Down 6.5%

Shares of LWLG stock opened at $5.49 on Friday. Lightwave Logic Inc. has a twelve month low of $2.84 and a twelve month high of $18.71. The company's 50-day moving average price is $7.04 and its 200-day moving average price is $8.46. The stock has a market cap of $846.39 million, a price-to-earnings ratio of -34.31 and a beta of 2.48.

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

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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