Walkner Condon Financial Advisors LLC Purchases 8,288 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

Walkner Condon Financial Advisors LLC grew its position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 37.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,353 shares of the company’s stock after buying an additional 8,288 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in Lightwave Logic were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its holdings in Lightwave Logic by 2.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 111,314 shares of the company’s stock valued at $498,000 after acquiring an additional 2,825 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Lightwave Logic by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 83,428 shares of the company’s stock valued at $391,000 after purchasing an additional 3,609 shares during the period. ProShare Advisors LLC lifted its holdings in Lightwave Logic by 14.8% during the 1st quarter. ProShare Advisors LLC now owns 29,739 shares of the company’s stock worth $139,000 after purchasing an additional 3,832 shares in the last quarter. Rhumbline Advisers boosted its stake in Lightwave Logic by 5.3% in the 2nd quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock worth $474,000 after purchasing an additional 8,033 shares during the period. Finally, AE Wealth Management LLC purchased a new position in Lightwave Logic during the 2nd quarter valued at about $31,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Stock Down 2.2 %

Shares of LWLG opened at $3.54 on Friday. Lightwave Logic, Inc. has a twelve month low of $2.43 and a twelve month high of $5.69. The stock has a market cap of $427.35 million, a PE ratio of -19.67 and a beta of 2.00. The business’s 50-day moving average price is $3.02 and its 200-day moving average price is $3.21.

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

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.