GrowGeneration Corp. (NASDAQ:GRWG) President Purchases $103,412.65 in Stock

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

GrowGeneration Stock Performance

GRWG opened at $1.27 on Friday. The firm has a market cap of $75.51 million, a P/E ratio of -1.46 and a beta of 3.39. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.71. GrowGeneration Corp. has a fifty-two week low of $0.91 and a fifty-two week high of $3.38.

Hedge Funds Weigh In On GrowGeneration

Several institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position 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 buying an additional 5,628 shares during the period. American Century Companies Inc. lifted its holdings in GrowGeneration by 8.0% during the fourth quarter. American Century Companies Inc. now owns 108,910 shares of the company’s stock valued at $184,000 after purchasing an additional 8,077 shares during the last quarter. Barclays PLC lifted its holdings in GrowGeneration by 12.0% during the fourth quarter. Barclays PLC now owns 84,528 shares of the company’s stock valued at $143,000 after purchasing an additional 9,076 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in GrowGeneration by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company’s stock valued at $137,000 after purchasing an additional 9,613 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in GrowGeneration during the fourth quarter valued at about $27,000. Institutional investors own 36.02% of the company’s stock.

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.