Virtu Financial LLC Acquires Shares of 63,309 Lightwave Logic, Inc. (NASDAQ:LWLG)

Virtu Financial LLC bought a new position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 63,309 shares of the company’s stock, valued at approximately $175,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC purchased a new stake in Lightwave Logic in the 2nd quarter worth $31,000. Algert Global LLC purchased a new position in Lightwave Logic during the second quarter valued at $36,000. Daiwa Securities Group Inc. acquired a new stake in shares of Lightwave Logic in the second quarter valued at about $37,000. Madison Wealth Partners Inc purchased a new stake in shares of Lightwave Logic during the second quarter worth about $46,000. Finally, Creative Planning acquired a new position in shares of Lightwave Logic during the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

Lightwave Logic Trading Down 8.5 %

LWLG stock opened at $1.93 on Thursday. Lightwave Logic, Inc. has a 12-month low of $1.75 and a 12-month high of $5.69. The business’s 50-day moving average is $3.03 and its 200 day moving average is $3.01. The stock has a market cap of $236.18 million, a price-to-earnings ratio of -10.72 and a beta of 1.95.

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.