SG Americas Securities LLC Buys Shares of 12,316 GrowGeneration Corp. (NASDAQ:GRWG)

SG Americas Securities LLC purchased a new stake in GrowGeneration Corp. (NASDAQ:GRWG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,316 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GRWG. Goldman Sachs Group Inc. boosted its position in GrowGeneration by 12.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,786 shares of the company’s stock worth $64,000 after acquiring an additional 1,964 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of GrowGeneration by 14.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,522 shares of the company’s stock valued at $70,000 after purchasing an additional 2,495 shares during the period. Rhumbline Advisers raised its stake in shares of GrowGeneration by 2.9% in the 1st quarter. Rhumbline Advisers now owns 88,757 shares of the company’s stock worth $304,000 after buying an additional 2,512 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of GrowGeneration by 644.4% in the first quarter. Captrust Financial Advisors now owns 3,000 shares of the company’s stock valued at $28,000 after buying an additional 2,597 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in GrowGeneration by 13.9% during the fourth quarter. Financial Advocates Investment Management now owns 22,052 shares of the company’s stock valued at $86,000 after buying an additional 2,697 shares in the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer downgraded shares of GrowGeneration from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 20th.

GrowGeneration Stock Performance

Shares of NASDAQ:GRWG opened at $2.11 on Monday. The company has a market capitalization of $129.77 million, a PE ratio of -2.81 and a beta of 3.01. The stock has a fifty day moving average of $2.32 and a 200-day moving average of $2.40. GrowGeneration Corp. has a one year low of $1.77 and a one year high of $5.00.

GrowGeneration (NASDAQ:GRWG) last announced its earnings results on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). GrowGeneration had a negative return on equity of 15.60% and a negative net margin of 20.58%. The company had revenue of $49.45 million for the quarter, compared to analyst estimates of $46.03 million. As a group, research analysts forecast that GrowGeneration Corp. will post -0.32 EPS for the current fiscal year.

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.