Monaco Asset Management SAM Buys New Stake in GrowGeneration Corp. (NASDAQ:GRWG)

Monaco Asset Management SAM bought a new stake in GrowGeneration Corp. (NASDAQ:GRWG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 463,046 shares of the company’s stock, valued at approximately $783,000.

Several other large investors have also recently added to or reduced their stakes in the business. Tidal Investments LLC increased its position in GrowGeneration by 24.7% in the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after acquiring an additional 370,635 shares during the period. Jane Street Group LLC raised its holdings in GrowGeneration by 120.0% during the third quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after purchasing an additional 90,966 shares in the last quarter. Empowered Funds LLC raised its holdings in GrowGeneration by 5.3% during the third quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after purchasing an additional 5,628 shares in the last quarter. Virtu Financial LLC raised its holdings in GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after purchasing an additional 68,282 shares in the last quarter. Finally, Barclays PLC raised its holdings in GrowGeneration by 274.2% during the third quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after purchasing an additional 55,290 shares in the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.

GrowGeneration Price Performance

Shares of NASDAQ:GRWG opened at $0.97 on Friday. GrowGeneration Corp. has a 12 month low of $0.89 and a 12 month high of $3.38. The stock has a market cap of $57.65 million, a price-to-earnings ratio of -1.12 and a beta of 3.39. The stock’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.74.

GrowGeneration (NASDAQ:GRWG) last announced its earnings results on Thursday, March 13th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.09). GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. On average, sell-side analysts expect that GrowGeneration Corp. will post -0.58 EPS for the current year.

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.