Madison Wealth Partners Inc Invests $46,000 in Lightwave Logic, Inc. (NASDAQ:LWLG)

Madison Wealth Partners Inc acquired a new stake in Lightwave Logic, Inc. (NASDAQ:LWLG) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 15,258 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Lightwave Logic by 1.7% in the first quarter. Vanguard Group Inc. now owns 8,527,463 shares of the company’s stock valued at $39,909,000 after buying an additional 140,851 shares during the period. Bank of New York Mellon Corp lifted its position in Lightwave Logic by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 434,991 shares of the company’s stock valued at $1,301,000 after acquiring an additional 39,576 shares in the last quarter. Virtu Financial LLC acquired a new position in Lightwave Logic in the 4th quarter worth $170,000. UMB Bank n.a. increased its holdings in Lightwave Logic by 5.1% during the 2nd quarter. UMB Bank n.a. now owns 331,092 shares of the company’s stock worth $990,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Lightwave Logic during the 2nd quarter worth about $37,000. 27.04% of the stock is owned by institutional investors.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock opened at $2.55 on Tuesday. The firm has a market cap of $306.24 million, a price-to-earnings ratio of -14.17 and a beta of 2.00. The stock’s 50-day moving average is $3.04 and its 200-day moving average is $3.49. Lightwave Logic, Inc. has a one year low of $2.43 and a one year high of $5.69.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, August 9th. The company reported ($0.05) EPS for the quarter. The business had revenue of $0.02 million during the quarter.

Lightwave Logic 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.