Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) CEO William Douglas Toler Acquires 100,000 Shares

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) CEO William Douglas Toler purchased 100,000 shares of Hydrofarm Holdings Group stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average price of $0.50 per share, for a total transaction of $50,000.00. Following the transaction, the chief executive officer now directly owns 1,875,815 shares of the company’s stock, valued at approximately $937,907.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hydrofarm Holdings Group Trading Down 5.7 %

Shares of NASDAQ HYFM traded down $0.03 during mid-day trading on Friday, reaching $0.44. The company had a trading volume of 310,492 shares, compared to its average volume of 168,666. The business’s 50-day moving average is $0.62 and its 200-day moving average is $0.79. The company has a current ratio of 3.15, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The stock has a market cap of $20.02 million, a price-to-earnings ratio of -0.35 and a beta of 1.81. Hydrofarm Holdings Group, Inc. has a 52 week low of $0.43 and a 52 week high of $1.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of Hydrofarm Holdings Group by 6.7% in the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock worth $504,000 after purchasing an additional 45,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hydrofarm Holdings Group by 158.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,123 shares of the company’s stock worth $92,000 after acquiring an additional 52,194 shares during the period. AXS Investments LLC lifted its stake in Hydrofarm Holdings Group by 29.6% in the fourth quarter. AXS Investments LLC now owns 544,375 shares of the company’s stock worth $499,000 after acquiring an additional 124,412 shares during the period. Vanguard Group Inc. lifted its stake in Hydrofarm Holdings Group by 18.2% in the first quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock worth $2,027,000 after acquiring an additional 288,701 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Hydrofarm Holdings Group in the first quarter worth about $1,118,000. 26.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Hydrofarm Holdings Group from $1.15 to $0.65 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus cut their price objective on shares of Hydrofarm Holdings Group from $0.90 to $0.75 and set a “hold” rating on the stock in a research report on Monday, July 29th.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.