Charles Schwab Investment Management Inc. Sells 20,267 Shares of GrowGeneration Corp. (NASDAQ:GRWG)

Charles Schwab Investment Management Inc. lessened its holdings in GrowGeneration Corp. (NASDAQ:GRWG) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 481,374 shares of the company’s stock after selling 20,267 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of GrowGeneration worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted 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 worth $239,000 after buying an additional 5,628 shares during the period. SG Americas Securities LLC bought a new stake in shares of GrowGeneration in the 3rd quarter worth about $42,000. Dimensional Fund Advisors LP increased its position in shares of GrowGeneration by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock worth $3,034,000 after purchasing an additional 43,701 shares in the last quarter. American Century Companies Inc. lifted its holdings in GrowGeneration by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock valued at $182,000 after purchasing an additional 12,197 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in GrowGeneration by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock valued at $419,000 after buying an additional 11,742 shares in the last quarter. Institutional investors own 36.02% of the company’s stock.

Insider Buying and Selling at GrowGeneration

In related news, President Michael Salaman acquired 58,476 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $1.74 per share, with a total value of $101,748.24. Following the acquisition, the president now directly owns 1,503,848 shares in the company, valued at $2,616,695.52. The trade was a 4.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Darren Lampert acquired 57,467 shares of the stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of $1.75 per share, with a total value of $100,567.25. Following the transaction, the chief executive officer now directly 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. Corporate insiders own 7.07% of the company’s stock.

GrowGeneration Trading Up 0.6 %

NASDAQ:GRWG opened at $1.72 on Wednesday. The stock has a market capitalization of $101.90 million, a P/E ratio of -1.98 and a beta of 3.06. GrowGeneration Corp. has a 1 year low of $1.55 and a 1 year high of $3.38. The firm has a 50 day moving average of $1.95 and a 200-day moving average of $2.11.

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.