GrowGeneration Corp. (NASDAQ:GRWG) President Michael Salaman Acquires 85,465 Shares

GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) President Michael Salaman purchased 85,465 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $1.21 per share, for a total transaction of $103,412.65. Following the purchase, the president now directly owns 1,639,313 shares of the company's stock, valued at $1,983,568.73. This trade represents a 5.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

GrowGeneration Price Performance

Shares of NASDAQ GRWG traded up $0.01 during mid-day trading on Monday, hitting $1.28. The company's stock had a trading volume of 669,098 shares, compared to its average volume of 767,708. The stock has a market cap of $76.11 million, a price-to-earnings ratio of -1.47 and a beta of 3.39. The company's fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.71. GrowGeneration Corp. has a one year low of $0.91 and a one year high of $3.38.

Hedge Funds Weigh In On GrowGeneration

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG grew its holdings in shares of GrowGeneration by 449.9% in the 4th quarter. Deutsche Bank AG now owns 127,091 shares of the company's stock valued at $215,000 after buying an additional 103,981 shares during the period. Bank of America Corp DE raised its holdings in GrowGeneration by 36.7% during the 4th quarter. Bank of America Corp DE now owns 60,104 shares of the company's stock worth $102,000 after buying an additional 16,132 shares during the period. Oxford Asset Management LLP bought a new stake in GrowGeneration in the 4th quarter valued at $33,000. Two Sigma Securities LLC lifted its holdings in shares of 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 purchasing an additional 19,992 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of GrowGeneration by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company's stock worth $137,000 after buying an additional 9,613 shares during the period. 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.