State Board of Administration of Florida Retirement System Invests $108,000 in Lightwave Logic, Inc. (OTCMKTS:LWLG)

State Board of Administration of Florida Retirement System acquired a new position in shares of Lightwave Logic, Inc. (OTCMKTS:LWLGGet Rating) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,500 shares of the basic materials company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LWLG. Vanguard Group Inc. lifted its holdings in Lightwave Logic by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,537,719 shares of the basic materials company’s stock valued at $43,607,000 after purchasing an additional 55,375 shares during the last quarter. BlackRock Inc. lifted its holdings in Lightwave Logic by 2.7% during the 1st quarter. BlackRock Inc. now owns 1,473,021 shares of the basic materials company’s stock valued at $14,155,000 after purchasing an additional 38,426 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Lightwave Logic by 4,724.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 566,722 shares of the basic materials company’s stock valued at $5,446,000 after purchasing an additional 554,976 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lightwave Logic by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 507,963 shares of the basic materials company’s stock valued at $4,882,000 after purchasing an additional 17,759 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in Lightwave Logic by 120.5% during the 1st quarter. Qube Research & Technologies Ltd now owns 419,468 shares of the basic materials company’s stock valued at $4,031,000 after purchasing an additional 229,252 shares during the last quarter. 22.34% of the stock is owned by institutional investors.

Lightwave Logic Stock Up 1.5 %

Shares of LWLG stock opened at $8.36 on Wednesday. Lightwave Logic, Inc. has a 12-month low of $5.39 and a 12-month high of $20.30. The company has a market capitalization of $941.14 million, a P/E ratio of -46.44 and a beta of 2.00. The firm has a 50-day moving average price of $7.59 and a 200 day moving average price of $8.22.

Lightwave Logic Company Profile

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Lightwave Logic, Inc, a development stage company, focuses on the development of photonic devices and non-linear optical polymer materials systems for fiber-optic data communications and optical computing markets in the United States. The company is involved in designing and synthesizing organic chromophores for use in its electro-optic polymer systems and photonic device designs.

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Institutional Ownership by Quarter for Lightwave Logic (OTCMKTS:LWLG)

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