Monaco Asset Management SAM Invests $783,000 in GrowGeneration Corp. (NASDAQ:GRWG)

Monaco Asset Management SAM acquired a new position in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 463,046 shares of the company's stock, valued at approximately $783,000. Monaco Asset Management SAM owned 0.78% of GrowGeneration at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in GrowGeneration in the fourth quarter valued at approximately $27,000. Wealthfront Advisers LLC purchased a new position in GrowGeneration in the fourth quarter valued at approximately $62,000. Barclays PLC raised its stake in shares of 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 purchasing an additional 55,290 shares during the period. Virtu Financial LLC raised its stake in shares of 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 purchasing an additional 68,282 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 5,628 shares during the period. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

GrowGeneration Stock Up 2.8 %

Shares of GRWG traded up $0.03 during mid-day trading on Tuesday, reaching $1.10. 621,170 shares of the stock traded hands, compared to its average volume of 785,726. The firm has a market cap of $65.17 million, a price-to-earnings ratio of -1.26 and a beta of 3.39. The stock has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.73. GrowGeneration Corp. has a 12-month low of $0.91 and a 12-month high of $3.38.

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GrowGeneration Company Profile

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.