Nuveen LLC Takes Position 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 position in Lightwave Logic Inc. (NASDAQ:LWLG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.

Several other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Lightwave Logic by 16.0% in the 1st quarter. Bank of New York Mellon Corp now owns 492,859 shares of the company's stock worth $505,000 after acquiring an additional 67,992 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake 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 in the last quarter. Squarepoint Ops LLC purchased a new stake in Lightwave Logic in the 4th quarter worth about $49,000. ProShare Advisors LLC lifted its stake in Lightwave Logic by 45.5% in the 4th quarter. ProShare Advisors LLC now owns 48,879 shares of the company's stock worth $103,000 after acquiring an additional 15,294 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Lightwave Logic during the 4th quarter worth about $364,000. 27.04% of the stock is owned by hedge funds and other institutional investors.

Lightwave Logic Stock Up 1.0%

Shares of LWLG traded up $0.03 during midday trading on Thursday, reaching $3.07. 974,027 shares of the stock were exchanged, compared to its average volume of 2,442,547. Lightwave Logic Inc. has a 12-month low of $0.79 and a 12-month high of $4.23. The firm has a 50 day simple moving average of $2.34 and a 200-day simple moving average of $1.52. The company has a market cap of $397.38 million, a price-to-earnings ratio of -17.05 and a beta of 2.61.

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

Wall Street Analyst Weigh In

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

About Lightwave Logic

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.