GrowGeneration Corp. (NASDAQ:GRWG) President Michael Salaman Purchases 58,476 Shares

GrowGeneration Corp. (NASDAQ:GRWG) President Michael Salaman purchased 58,476 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $1.74 per share, with a total value of $101,748.24. Following the acquisition, the president now directly owns 1,503,848 shares in the company, valued at $2,616,695.52. This represents a 4.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

GrowGeneration Trading Up 0.5 %

Shares of NASDAQ:GRWG opened at $1.86 on Friday. GrowGeneration Corp. has a 1-year low of $1.55 and a 1-year high of $3.38. The firm has a fifty day moving average price of $2.01 and a 200 day moving average price of $2.21.

Hedge Funds Weigh In On GrowGeneration

A number of large investors have recently made changes to their positions in GRWG. SG Americas Securities LLC acquired a new stake in GrowGeneration in the 3rd quarter valued at about $42,000. Barclays PLC boosted its stake in shares of GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after purchasing an additional 55,290 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of GrowGeneration by 510.6% during the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after purchasing an additional 68,282 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of GrowGeneration by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock worth $182,000 after purchasing an additional 12,197 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of GrowGeneration by 47.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 69,104 shares of the company’s stock worth $198,000 after acquiring an additional 22,269 shares during the last quarter. Hedge funds and other institutional investors own 36.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Alliance Global Partners lowered their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating for the company in a report on Monday, July 29th. Roth Mkm lowered their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Lake Street Capital lowered their price target on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, GrowGeneration presently has an average rating of “Hold” and an average target price of $2.75.

GrowGeneration Company Profile

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.