Insider Buying: GrowGeneration Corp. (NASDAQ:GRWG) President Buys 85,465 Shares of Stock

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

GrowGeneration Stock Performance

Shares of NASDAQ:GRWG traded up $0.01 during trading on Thursday, hitting $1.23. The company’s stock had a trading volume of 781,469 shares, compared to its average volume of 780,980. GrowGeneration Corp. has a fifty-two week low of $0.91 and a fifty-two week high of $3.38. The stock’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.72. The company has a market capitalization of $73.13 million, a PE ratio of -1.41 and a beta of 3.39.

Institutional Trading of GrowGeneration

Several institutional investors and hedge funds have recently bought and sold shares of GRWG. Empowered Funds LLC raised its stake 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 in the last quarter. Jane Street Group LLC raised its stake in GrowGeneration by 120.0% during the third 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 in the last quarter. Barclays PLC raised its stake in GrowGeneration by 274.2% during the third quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after buying an additional 55,290 shares in the last quarter. Virtu Financial LLC raised its stake in GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after buying an additional 68,282 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in GrowGeneration by 24.7% during the third quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after buying an additional 370,635 shares in the last quarter. Institutional investors and hedge funds own 36.02% of the company’s stock.

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.