Primecap Management Co. CA Lowers Holdings in GrowGeneration Corp. (NASDAQ:GRWG)

Primecap Management Co. CA cut its stake in GrowGeneration Corp. (NASDAQ:GRWG - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 927,100 shares of the company's stock after selling 232,800 shares during the quarter. Primecap Management Co. CA owned 1.56% of GrowGeneration worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in GrowGeneration in the 4th quarter worth approximately $27,000. Wealthfront Advisers LLC bought a new stake in shares of GrowGeneration in the fourth quarter worth $62,000. Barclays PLC grew its holdings in shares of GrowGeneration by 274.2% in the third quarter. Barclays PLC now owns 75,452 shares of the company's stock worth $161,000 after acquiring an additional 55,290 shares during the period. Virtu Financial LLC lifted its holdings in GrowGeneration by 510.6% in the third 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 during the period. Finally, Empowered Funds LLC lifted its holdings in GrowGeneration by 5.3% in the third quarter. Empowered Funds LLC now owns 112,180 shares of the company's stock valued at $239,000 after acquiring an additional 5,628 shares during the period. 36.02% of the stock is owned by hedge funds and other institutional investors.

GrowGeneration Stock Up 0.8 %

Shares of GrowGeneration stock traded up $0.01 during trading hours on Monday, reaching $1.28. 669,155 shares of the stock traded hands, compared to its average volume of 767,708. The company has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.71. GrowGeneration Corp. has a one year low of $0.91 and a one year high of $3.38. The firm has a market capitalization of $76.11 million, a price-to-earnings ratio of -1.47 and a beta of 3.39.

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Insider Buying and Selling at GrowGeneration

In other GrowGeneration news, President Michael Salaman acquired 85,465 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average price of $1.21 per share, with a total value of $103,412.65. Following the transaction, the president now directly owns 1,639,313 shares in the company, valued at approximately $1,983,568.73. The trade was a 5.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darren Lampert bought 82,639 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the acquisition, the chief executive officer now owns 1,728,522 shares in the company, valued at $2,056,941.18. This trade represents a 5.02 % increase in their position. The disclosure for this purchase can be found here. 7.07% of the stock is owned by corporate insiders.

GrowGeneration 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.