Nuveen LLC Invests $315,000 in Lightwave Logic Inc. $LWLG

Key Points

• Nuveen LLC has made a new investment in Lightwave Logic Inc. by acquiring 307,346 shares, valued at approximately $315,000, representing 0.25% of the company.
• Lightwave Logic's recent earnings showed a loss of ($0.05) earnings per share and a negative net margin of 22,321.05%.
• Analysts have upgraded Lightwave Logic from a "sell" rating to a "hold" rating, indicating a shift in sentiment towards the company's stock.

Nuveen LLC acquired a new stake in Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 307,346 shares of the company's stock, valued at approximately $315,000. Nuveen LLC owned approximately 0.25% of Lightwave Logic at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LWLG. BNP Paribas Financial Markets bought a new position in Lightwave Logic in the fourth quarter worth approximately $32,000. Raymond James Financial Inc. bought a new stake in Lightwave Logic during the fourth quarter valued at $34,000. Ameriprise Financial Inc. purchased a new stake in Lightwave Logic during the fourth quarter valued at about $35,000. Squarepoint Ops LLC purchased a new position in Lightwave Logic during the 4th quarter valued at about $49,000. Finally, Johnson Investment Counsel Inc. raised its holdings in Lightwave Logic by 623.7% in the 1st quarter. Johnson Investment Counsel Inc. now owns 82,972 shares of the company's stock worth $85,000 after acquiring an additional 71,507 shares during the last quarter. Institutional investors own 27.04% of the company's stock.

Lightwave Logic Stock Down 3.8%

NASDAQ:LWLG traded down $0.12 during trading hours on Wednesday, reaching $2.97. 1,015,483 shares of the company's stock were exchanged, compared to its average volume of 1,268,719. The firm has a market capitalization of $384.95 million, a price-to-earnings ratio of -16.36 and a beta of 2.61. The company has a 50-day moving average of $2.27 and a 200 day moving average of $1.50. Lightwave Logic Inc. has a 1-year low of $0.79 and a 1-year high of $4.23.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Lightwave Logic from a "sell" rating to a "hold" rating in a report on Saturday, August 16th.

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.