Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) by 89.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,929 shares of the company’s stock after selling 292,001 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hydrofarm Holdings Group were worth $30,000 at the end of the most recent quarter.

Separately, Cambria Investment Management L.P. grew its stake in shares of Hydrofarm Holdings Group by 182.0% during the third quarter. Cambria Investment Management L.P. now owns 138,565 shares of the company’s stock valued at $169,000 after buying an additional 89,425 shares during the last quarter. Institutional investors and hedge funds own 26.61% of the company’s stock.

Hydrofarm Holdings Group Stock Down 2.9 %

HYFM opened at $0.82 on Monday. The company has a market cap of $37.75 million, a P/E ratio of -0.58 and a beta of 1.95. Hydrofarm Holdings Group, Inc. has a 12 month low of $0.67 and a 12 month high of $1.64. The business’s 50-day moving average price is $0.91 and its 200-day moving average price is $0.93. The company has a current ratio of 3.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.43.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). Hydrofarm Holdings Group had a negative return on equity of 16.76% and a negative net margin of 28.60%. The company had revenue of $47.18 million during the quarter, compared to analysts’ expectations of $51.50 million. On average, equities analysts expect that Hydrofarm Holdings Group, Inc. will post -1.08 EPS for the current year.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.