Mitsubishi UFJ Asset Management Co. Ltd. Invests $428,000 in Lightwave Logic Inc. $LWLG

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG) in the fourth quarter, Holdings Channel.com reports. The fund bought 131,985 shares of the company’s stock, valued at approximately $428,000.

A number of other large investors have also made changes to their positions in LWLG. Envestnet Asset Management Inc. grew its position in shares of Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock valued at $71,000 after purchasing an additional 35,000 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Lightwave Logic by 183.6% in the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after purchasing an additional 36,649 shares during the period. Marshall Wace LLP purchased a new stake in shares of Lightwave Logic in the second quarter valued at about $458,000. Jump Financial LLC purchased a new stake in shares of Lightwave Logic in the second quarter valued at about $56,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Lightwave Logic in the second quarter valued at about $39,000. 27.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

NASDAQ LWLG opened at $18.22 on Thursday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -107.18 and a beta of 3.22. The firm has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $6.10. Lightwave Logic Inc. has a one year low of $0.92 and a one year high of $18.71.

Lightwave Logic (NASDAQ:LWLG) last released its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company 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%.

Insider Buying and Selling

In related news, Director Siraj Nour El-Ahmadi sold 54,536 shares of Lightwave Logic stock in a transaction that occurred 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 transaction, the director owned 97,168 shares in the company, valued at $754,023.68. The trade was a 35.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total transaction of $74,910.00. Following the completion of the transaction, the director owned 118,824 shares of the company’s stock, valued at $809,191.44. This represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $933,349 over the last ninety days. 2.21% of the stock is currently owned by corporate insiders.

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.