Barclays PLC Has $584,000 Stake in Lightwave Logic, Inc. (NASDAQ:LWLG)

Barclays PLC grew its stake in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 283.9% in the third quarter, Holdings Channel reports. The institutional investor owned 211,403 shares of the company’s stock after purchasing an additional 156,333 shares during the period. Barclays PLC’s holdings in Lightwave Logic were worth $584,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LWLG. Financial Advocates Investment Management bought a new position in Lightwave Logic during the third quarter valued at about $845,000. Bank of New York Mellon Corp increased its position in shares of Lightwave Logic by 10.0% during the second quarter. Bank of New York Mellon Corp now owns 434,991 shares of the company’s stock valued at $1,301,000 after purchasing an additional 39,576 shares during the period. State Street Corp raised its stake in shares of Lightwave Logic by 2.6% in the third quarter. State Street Corp now owns 2,683,519 shares of the company’s stock valued at $7,407,000 after purchasing an additional 68,056 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Lightwave Logic in the second quarter valued at $37,000. Finally, AE Wealth Management LLC bought a new position in Lightwave Logic in the second quarter worth $31,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Price Performance

Shares of Lightwave Logic stock opened at $2.10 on Thursday. Lightwave Logic, Inc. has a 52-week low of $1.75 and a 52-week high of $5.30. The firm has a market capitalization of $256.98 million, a PE ratio of -11.67 and a beta of 1.95. The company’s fifty day moving average price is $2.75 and its two-hundred day moving average price is $2.94.

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.