Michael Salaman Purchases 85,465 Shares of GrowGeneration Corp. (NASDAQ:GRWG) Stock

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

GrowGeneration Price Performance

Shares of GrowGeneration stock opened at $1.23 on Friday. GrowGeneration Corp. has a 1 year low of $0.91 and a 1 year high of $3.38. The firm has a market cap of $73.13 million, a price-to-earnings ratio of -1.41 and a beta of 3.39. The company has a 50-day moving average of $1.33 and a 200 day moving average of $1.71.

Hedge Funds Weigh In On GrowGeneration

Institutional investors and hedge funds have recently made changes to their positions in the business. Monaco Asset Management SAM purchased a new stake in shares of GrowGeneration in the 4th quarter worth approximately $783,000. Tidal Investments LLC boosted its holdings in 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 acquiring an additional 370,635 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of GrowGeneration in the fourth quarter worth $431,000. Deutsche Bank AG increased its holdings in shares of GrowGeneration by 449.9% during the fourth quarter. Deutsche Bank AG now owns 127,091 shares of the company’s stock valued at $215,000 after acquiring an additional 103,981 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 worth $355,000 after purchasing an additional 90,966 shares during the last quarter. 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.