GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) CEO Darren Lampert acquired 82,639 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was purchased 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 in the company, valued at approximately $2,056,941.18. This represents a 5.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GrowGeneration Stock Performance
GRWG stock opened at $1.23 on Friday. The company's 50-day simple moving average is $1.33 and its 200 day simple moving average is $1.71. GrowGeneration Corp. has a 52 week low of $0.91 and a 52 week high of $3.38. The company has a market capitalization of $73.13 million, a PE ratio of -1.41 and a beta of 3.39.
Institutional Investors Weigh In On GrowGeneration
A number of large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in GrowGeneration in the fourth quarter valued at approximately $27,000. Oxford Asset Management LLP bought a new position in shares of GrowGeneration in the 4th quarter valued at $33,000. Intech Investment Management LLC acquired a new position in shares of GrowGeneration during the 4th quarter worth $42,000. Two Sigma Securities LLC grew its position in GrowGeneration by 158.6% in the fourth quarter. Two Sigma Securities LLC now owns 32,594 shares of the company's stock valued at $55,000 after acquiring an additional 19,992 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in GrowGeneration during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 36.02% of the company's stock.
About GrowGeneration
(
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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.
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