PTM Wealth Management LLC Purchases Shares of 100,000 Lightwave Logic Inc. $LWLG

PTM Wealth Management LLC purchased a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $605,000. Lightwave Logic makes up 0.3% of PTM Wealth Management LLC’s holdings, making the stock its 19th largest holding.

Several other hedge funds also recently modified their holdings of LWLG. State of Wyoming bought a new position in Lightwave Logic in the second quarter worth approximately $110,000. GSA Capital Partners LLP bought a new stake in shares of Lightwave Logic during the second quarter valued at approximately $201,000. BIP Wealth LLC bought a new stake in shares of Lightwave Logic during the second quarter valued at approximately $279,000. Bank of America Corp DE raised its position in shares of Lightwave Logic by 177.3% during the first quarter. Bank of America Corp DE now owns 201,751 shares of the company’s stock worth $1,418,000 after purchasing an additional 128,988 shares during the period. Finally, Amundi acquired a new position in shares of Lightwave Logic during the first quarter worth approximately $281,000. Institutional investors own 27.04% of the company’s stock.

Wall Street Analysts Forecast Growth

LWLG has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday, July 17th. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic currently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

Shares of NASDAQ LWLG opened at $7.57 on Friday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -47.31 and a beta of 2.48. Lightwave Logic Inc. has a fifty-two week low of $1.99 and a fifty-two week high of $18.71. The firm’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $8.27.

Lightwave Logic (NASDAQ:LWLG) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.

About Lightwave Logic

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.