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

GrowGeneration Corp. (NASDAQ:GRWG) CEO Darren Lampert bought 82,639 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $1.19 per share, with a total value of $98,340.41. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

GrowGeneration Stock Performance

NASDAQ:GRWG opened at $1.27 on Friday. The company 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. The stock has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.71.

Hedge Funds Weigh In On GrowGeneration

Several hedge funds have recently made changes to their positions in GRWG. Empowered Funds LLC grew its stake in shares of GrowGeneration by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after acquiring an additional 5,628 shares in the last quarter. Jane Street Group LLC grew its position in GrowGeneration by 120.0% in the third quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock valued at $355,000 after purchasing an additional 90,966 shares in the last quarter. Barclays PLC grew its holdings in shares of GrowGeneration by 274.2% in the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after acquiring an additional 55,290 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of GrowGeneration by 510.6% in the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after acquiring an additional 68,282 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of GrowGeneration by 24.7% in the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after acquiring an additional 370,635 shares in the last quarter. 36.02% of the stock is owned by institutional investors.

About GrowGeneration

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.