Michael Salaman Purchases 85,465 Shares of GrowGeneration Corp. (NASDAQ:GRWG) Stock

GrowGeneration Corp. (NASDAQ:GRWG) President Michael Salaman bought 85,465 shares of the stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of $1.21 per share, with a total value of $103,412.65. Following the completion of the acquisition, the president now directly owns 1,639,313 shares of the company’s stock, valued at approximately $1,983,568.73. The trade was a 5.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

GrowGeneration Stock Up 0.8 %

Shares of NASDAQ:GRWG traded up $0.01 during trading on Thursday, hitting $1.23. 781,469 shares of the company traded hands, compared to its average volume of 780,980. The stock has a market capitalization of $73.13 million, a price-to-earnings ratio of -1.41 and a beta of 3.39. The business’s fifty day moving average is $1.34 and its 200-day moving average is $1.72. GrowGeneration Corp. has a one year low of $0.91 and a one year high of $3.38.

Hedge Funds Weigh In On GrowGeneration

Several institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its holdings in shares of GrowGeneration by 24.7% during the third quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after purchasing an additional 370,635 shares during the last quarter. Geode Capital Management LLC grew its holdings in GrowGeneration by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,368,953 shares of the company’s stock worth $2,314,000 after buying an additional 17,254 shares in the last quarter. Monaco Asset Management SAM bought a new position in GrowGeneration in the 4th quarter worth approximately $783,000. Renaissance Technologies LLC bought a new position in GrowGeneration in the 4th quarter worth approximately $431,000. Finally, Jane Street Group LLC grew its holdings in GrowGeneration by 120.0% in the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after buying an additional 90,966 shares in the last quarter. 36.02% of the stock is owned by institutional investors.

About GrowGeneration

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.