Charles Schwab Investment Management Inc. Cuts Stake in GrowGeneration Corp. (NASDAQ:GRWG)

Charles Schwab Investment Management Inc. lowered its holdings in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 466,190 shares of the company’s stock after selling 15,184 shares during the period. Charles Schwab Investment Management Inc. owned about 0.79% of GrowGeneration worth $788,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of GrowGeneration in the fourth quarter valued at about $27,000. Barclays PLC grew its stake 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 purchasing an additional 55,290 shares during the last quarter. Virtu Financial LLC grew its stake in shares of GrowGeneration by 510.6% in the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after purchasing an additional 68,282 shares during the last quarter. Jane Street Group LLC increased its holdings in 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. Finally, Tidal Investments LLC raised its position in GrowGeneration by 24.7% during the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after purchasing an additional 370,635 shares during the last quarter. Hedge funds and other institutional investors own 36.02% of the company’s stock.

Insider Transactions at GrowGeneration

In other GrowGeneration news, President Michael Salaman acquired 85,465 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $1.21 per share, with a total value of $103,412.65. Following the completion of the purchase, the president now directly owns 1,639,313 shares of the company’s stock, valued at approximately $1,983,568.73. The trade was a 5.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Darren Lampert acquired 82,639 shares of GrowGeneration stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $1.19 per share, with a total value of $98,340.41. Following the transaction, the chief executive officer now owns 1,728,522 shares in the company, valued at $2,056,941.18. This represents a 5.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.07% of the company’s stock.

GrowGeneration Trading Down 3.5 %

Shares of NASDAQ GRWG opened at $1.11 on Monday. The firm has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.68. The firm has a market capitalization of $66.00 million, a PE ratio of -1.28 and a beta of 3.39. GrowGeneration Corp. has a 12 month low of $0.91 and a 12 month high of $3.38.

About GrowGeneration

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.