Insider Buying: GrowGeneration Corp. (NASDAQ:GRWG) CEO Purchases 82,639 Shares of Stock

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert purchased 82,639 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $1.19 per share, for a total transaction of $98,340.41. Following the purchase, the chief executive officer now directly owns 1,728,522 shares in the company, valued at $2,056,941.18. This trade represents a 5.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

GrowGeneration Trading Up 0.8 %

GRWG stock traded up $0.01 during mid-day trading on Thursday, hitting $1.23. 781,469 shares of the company were exchanged, compared to its average volume of 780,980. The company has a market capitalization of $73.13 million, a PE ratio of -1.41 and a beta of 3.39. GrowGeneration Corp. has a twelve month low of $0.91 and a twelve month high of $3.38. The firm has a fifty day simple moving average of $1.34 and a 200 day simple moving average of $1.72.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in shares of GrowGeneration by 5.3% in the 3rd 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. Jane Street Group LLC boosted its holdings in shares of GrowGeneration by 120.0% in the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock valued at $355,000 after buying an additional 90,966 shares during the period. Barclays PLC boosted its stake in GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after purchasing an additional 55,290 shares during the period. Virtu Financial LLC boosted its stake in GrowGeneration by 510.6% during the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after purchasing an additional 68,282 shares during the period. Finally, Tidal Investments LLC boosted its stake in GrowGeneration by 24.7% during the 3rd 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 period. 36.02% of the stock is owned by institutional investors and hedge funds.

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.