PTM Wealth Management LLC Buys Shares of 100,000 Lightwave Logic Inc. $LWLG

Key Points

• PTM Wealth Management LLC acquired 100,000 shares of Lightwave Logic Inc. during the 2nd quarter, totaling approximately $134,000 and representing about 0.08% of the company.
• Lightwave Logic's stock recently opened at $3.22, with a market cap of $416.80 million and a 1-year price range between $0.79 and $4.23.
• Analysts upgraded Lightwave Logic from a "sell" to a "hold" rating, reflecting a change in sentiment towards the company's stock performance.

PTM Wealth Management LLC bought 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 disclosure with the SEC. The fund bought 100,000 shares of the company's stock, valued at approximately $134,000. PTM Wealth Management LLC owned approximately 0.08% of Lightwave Logic at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Lightwave Logic in the fourth quarter valued at approximately $32,000. Ameriprise Financial Inc. acquired a new position in shares of Lightwave Logic in the fourth quarter valued at $35,000. Squarepoint Ops LLC acquired a new position in shares of Lightwave Logic in the fourth quarter valued at $49,000. Johnson Investment Counsel Inc. raised its stake in shares of Lightwave Logic by 623.7% in the first quarter. Johnson Investment Counsel Inc. now owns 82,972 shares of the company's stock valued at $85,000 after purchasing an additional 71,507 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Lightwave Logic by 45.5% in the fourth quarter. ProShare Advisors LLC now owns 48,879 shares of the company's stock valued at $103,000 after buying an additional 15,294 shares in the last quarter. Hedge funds and other institutional investors own 27.04% of the company's stock.

Analyst Ratings Changes

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

Lightwave Logic Trading Up 4.9%

Shares of LWLG opened at $3.22 on Monday. Lightwave Logic Inc. has a 1 year low of $0.79 and a 1 year high of $4.23. The stock has a market cap of $416.80 million, a P/E ratio of -17.89 and a beta of 2.61. The stock's 50-day moving average price is $2.38 and its two-hundred day moving average price is $1.54.

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

Lightwave Logic Company 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.

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