Tidal Investments LLC Raises Position in GrowGeneration Corp. (NASDAQ:GRWG)

Tidal Investments LLC increased its holdings in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,870,563 shares of the company's stock after buying an additional 370,635 shares during the quarter. Tidal Investments LLC owned about 3.16% of GrowGeneration worth $3,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC grew its position in shares of GrowGeneration by 510.6% in the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company's stock worth $174,000 after acquiring an additional 68,282 shares in the last quarter. Barclays PLC raised its stake in GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company's stock valued at $161,000 after acquiring an additional 55,290 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 purchasing an additional 90,966 shares during the period. Empowered Funds LLC increased its position in shares of GrowGeneration by 5.3% during the 3rd 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. Finally, SG Americas Securities LLC acquired a new position in shares of GrowGeneration in the 3rd quarter worth $42,000. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Michael Salaman acquired 58,476 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of $1.74 per share, for a total transaction of $101,748.24. Following the transaction, the president now directly owns 1,503,848 shares in the company, valued at approximately $2,616,695.52. This represents a 4.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Darren Lampert bought 57,467 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $1.75 per share, with a total value of $100,567.25. Following the acquisition, the chief executive officer now owns 1,595,883 shares in the company, valued at approximately $2,792,795.25. This represents a 3.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.07% of the company's stock.

GrowGeneration Stock Performance

Shares of GRWG stock traded down $0.07 on Friday, reaching $1.73. 615,801 shares of the company's stock traded hands, compared to its average volume of 805,375. GrowGeneration Corp. has a 12-month low of $1.55 and a 12-month high of $3.38. The company has a market capitalization of $102.49 million, a P/E ratio of -1.99 and a beta of 3.06. The business's 50 day moving average price is $1.96 and its two-hundred day moving average price is $2.12.

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.