GrowGeneration Corp. (NASDAQ:GRWG) CEO Buys $98,340.41 in Stock

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert purchased 82,639 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average cost of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the acquisition, the chief executive officer now owns 1,728,522 shares of the company’s stock, valued at approximately $2,056,941.18. This trade represents a 5.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

GrowGeneration Stock Up 3.3 %

NASDAQ:GRWG opened at $1.27 on Friday. The business’s 50-day simple moving average is $1.32 and its two-hundred day simple moving average is $1.71. The stock has a market cap of $75.51 million, a PE ratio of -1.46 and a beta of 3.39. GrowGeneration Corp. has a 52 week low of $0.91 and a 52 week high of $3.38.

Institutional Investors Weigh In On GrowGeneration

A number of institutional investors and hedge funds have recently bought and sold shares of GRWG. 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 valued at $239,000 after acquiring an additional 5,628 shares during the period. Jane Street Group LLC increased its holdings in shares of GrowGeneration by 120.0% in 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 during the last quarter. Barclays PLC increased its holdings in shares of GrowGeneration by 274.2% in 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 during the last quarter. Virtu Financial LLC increased its holdings in shares of GrowGeneration by 510.6% in 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 during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of GrowGeneration by 24.7% in the third quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock worth $3,984,000 after purchasing an additional 370,635 shares during the last quarter. 36.02% of the stock is owned by institutional investors.

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.