Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 131,985 Lightwave Logic Inc. $LWLG

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Lightwave Logic Inc. (NASDAQ:LWLG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 131,985 shares of the company’s stock, valued at approximately $428,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.10% of Lightwave Logic as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after buying an additional 3,055 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Lightwave Logic during the 3rd quarter valued at approximately $38,000. Bernardo Wealth Planning LLC purchased a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Kathmere Capital Management LLC purchased a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $33,000. Finally, Dakota Wealth Management purchased a new position in shares of Lightwave Logic during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

Insider Buying and Selling

In related news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the sale, the director owned 97,168 shares of the company’s stock, valued at approximately $754,023.68. The trade was a 35.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $8.52, for a total value of $76,680.00. Following the sale, the director owned 77,132 shares of the company’s stock, valued at approximately $657,164.64. This trade represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 116,536 shares of company stock worth $933,349 in the last 90 days. 2.21% of the stock is owned by insiders.

Lightwave Logic Stock Up 14.4%

Shares of Lightwave Logic stock opened at $18.22 on Thursday. Lightwave Logic Inc. has a twelve month low of $0.92 and a twelve month high of $18.71. The business has a 50-day moving average price of $9.88 and a 200 day moving average price of $6.10. The firm has a market cap of $2.74 billion, a PE ratio of -107.18 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last announced its quarterly earnings results on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.16 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Company Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.