UMB Bank n.a. Boosts Stock Position in Lightwave Logic, Inc. (NASDAQ:LWLG)

UMB Bank n.a. lifted its position in Lightwave Logic, Inc. (NASDAQ:LWLG) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347,092 shares of the company’s stock after purchasing an additional 16,000 shares during the quarter. UMB Bank n.a. owned about 0.28% of Lightwave Logic worth $729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its position in Lightwave Logic by 5.3% during the 2nd quarter. Rhumbline Advisers now owns 158,530 shares of the company’s stock worth $474,000 after buying an additional 8,033 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its position in Lightwave Logic by 37.6% during the third quarter. Walkner Condon Financial Advisors LLC now owns 30,353 shares of the company’s stock valued at $84,000 after purchasing an additional 8,288 shares during the period. AE Wealth Management LLC purchased a new stake in Lightwave Logic in the second quarter valued at $31,000. Algert Global LLC acquired a new stake in Lightwave Logic during the 2nd quarter worth about $36,000. Finally, Creative Planning purchased a new position in shares of Lightwave Logic during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Stock Up 4.8 %

Shares of LWLG stock opened at $1.95 on Wednesday. The stock has a market cap of $238.63 million, a PE ratio of -10.83 and a beta of 2.03. Lightwave Logic, Inc. has a 52-week low of $1.68 and a 52-week high of $5.30. The business has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $2.84.

Lightwave Logic (NASDAQ:LWLG) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.02 million during the quarter. Lightwave Logic had a negative return on equity of 61.49% and a negative net margin of 19,416.81%.

Lightwave Logic Profile

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.