State Board of Administration of Florida Retirement System Buys 3,190 Shares of Lightwave Logic, Inc. (OTCMKTS:LWLG)

State Board of Administration of Florida Retirement System increased its stake in Lightwave Logic, Inc. (OTCMKTS:LWLG – Get Rating) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,690 shares of the basic materials company’s stock after purchasing an additional 3,190 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Lightwave Logic were worth $85,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LWLG. State Street Corp grew its position in shares of Lightwave Logic by 483.2% during the 2nd quarter. State Street Corp now owns 1,982,108 shares of the basic materials company’s stock valued at $12,963,000 after purchasing an additional 1,642,268 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Lightwave Logic by 4,724.8% in the first quarter. Goldman Sachs Group Inc. now owns 566,722 shares of the basic materials company’s stock worth $5,446,000 after purchasing an additional 554,976 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lightwave Logic by 7.1% in the third quarter. Vanguard Group Inc. now owns 6,387,220 shares of the basic materials company’s stock worth $46,882,000 after purchasing an additional 421,210 shares during the last quarter. Northern Trust Corp lifted its stake in Lightwave Logic by 127.5% in the second quarter. Northern Trust Corp now owns 396,270 shares of the basic materials company’s stock worth $2,592,000 after purchasing an additional 222,054 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Lightwave Logic in the second quarter worth $1,095,000. Institutional investors own 21.94% of the company’s stock.

Lightwave Logic Stock Up 2.1 %

Lightwave Logic stock opened at $5.41 on Wednesday. The company has a market capitalization of $618.96 million, a PE ratio of -33.81 and a beta of 2.18. The firm has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $5.76. Lightwave Logic, Inc. has a twelve month low of $3.88 and a twelve month high of $12.43.

Lightwave Logic (OTCMKTS:LWLG – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The basic materials company reported ($0.04) earnings per share for the quarter.

Lightwave Logic Profile

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Lightwave Logic, Inc is a development stage company which engages in the commercialization of electro-optic photonic devices. The firm offers the P2ICTM technology platform which uses in-house proprietary organic polymers. Its products include electro-optical modulation devices and proprietary polymer photonic integrated circuits.