Darren Lampert Acquires 82,639 Shares of GrowGeneration Corp. (NASDAQ:GRWG) Stock

GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) CEO Darren Lampert bought 82,639 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $1.19 per share, for a total transaction of $98,340.41. Following the acquisition, the chief executive officer now directly owns 1,728,522 shares of the company's stock, valued at $2,056,941.18. The trade was a 5.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

GrowGeneration Price Performance

Shares of NASDAQ:GRWG traded up $0.01 during trading on Monday, hitting $1.28. 669,098 shares of the company's stock were exchanged, compared to its average volume of 767,708. The company has a market cap of $76.11 million, a price-to-earnings ratio of -1.47 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 business's 50-day simple moving average is $1.32 and its 200 day simple moving average is $1.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings 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 acquiring an additional 370,635 shares during the period. Geode Capital Management LLC boosted its stake in shares of GrowGeneration by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,368,953 shares of the company's stock valued at $2,314,000 after purchasing an additional 17,254 shares during the period. Monaco Asset Management SAM bought a new position in shares of GrowGeneration in the fourth quarter worth about $783,000. Renaissance Technologies LLC purchased a new position in GrowGeneration in the 4th quarter worth about $431,000. Finally, Jane Street Group LLC lifted its holdings in GrowGeneration by 120.0% during 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 in the last quarter. Institutional investors own 36.02% of the company's stock.

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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.