Lightwave Logic (NASDAQ:LWLG) Director Laila Partridge Sells 10,000 Shares

Key Points

• Laila Partridge, a director at Lightwave Logic, sold 10,000 shares at an average price of $4.11, reducing her ownership by 15.67%.
• Lightwave Logic's stock recently traded at $4.33, representing a significant increase from its twelve-month low of $0.79, with a current market capitalization of approximately $560 million.
• Institutional investors have increased their holdings in Lightwave Logic, with notable increases from firms like Jane Street Group, which lifted its holdings by 225.2% in the second quarter.

Lightwave Logic Inc. (NASDAQ:LWLG - Get Free Report) Director Laila Partridge sold 10,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.11, for a total transaction of $41,100.00. Following the transaction, the director owned 53,802 shares in the company, valued at approximately $221,126.22. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lightwave Logic Stock Performance

Lightwave Logic stock traded up $0.42 during midday trading on Thursday, reaching $4.33. The stock had a trading volume of 1,982,530 shares, compared to its average volume of 1,345,339. The stock's 50-day simple moving average is $2.94 and its 200 day simple moving average is $1.76. Lightwave Logic Inc. has a twelve month low of $0.79 and a twelve month high of $4.80. The stock has a market capitalization of $560.48 million, a PE ratio of -24.05 and a beta of 2.53.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of Lightwave Logic by 225.2% in the second quarter. Jane Street Group LLC now owns 545,100 shares of the company's stock valued at $676,000 after purchasing an additional 377,484 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Lightwave Logic during the second quarter worth approximately $458,000. Nuveen LLC purchased a new position in Lightwave Logic during the first quarter valued at approximately $315,000. Y Intercept Hong Kong Ltd purchased a new position in Lightwave Logic during the second quarter valued at approximately $340,000. Finally, Brevan Howard Capital Management LP increased its stake in Lightwave Logic by 1,218.4% in the 2nd quarter. Brevan Howard Capital Management LP now owns 194,501 shares of the company's stock valued at $241,000 after buying an additional 179,748 shares during the period. Institutional investors own 27.04% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Lightwave Logic from a "sell" rating to a "hold" rating in a research report 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.

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