GrowGeneration Corp. (NASDAQ:GRWG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in GrowGeneration Corp. (NASDAQ:GRWG) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,381,141 shares of the company’s stock after selling 50,561 shares during the period. Dimensional Fund Advisors LP owned 2.33% of GrowGeneration worth $2,334,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of GrowGeneration by 12.0% in the 4th quarter. Barclays PLC now owns 84,528 shares of the company’s stock valued at $143,000 after purchasing an additional 9,076 shares in the last quarter. Renaissance Technologies LLC bought a new stake in GrowGeneration in the fourth quarter valued at about $431,000. Geode Capital Management LLC increased its holdings in GrowGeneration by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,368,953 shares of the company’s stock valued at $2,314,000 after buying an additional 17,254 shares during the last quarter. American Century Companies Inc. raised its stake in GrowGeneration by 8.0% during the fourth quarter. American Century Companies Inc. now owns 108,910 shares of the company’s stock valued at $184,000 after buying an additional 8,077 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in GrowGeneration during the 4th quarter worth approximately $42,000. 36.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital lowered their price target on GrowGeneration from $4.00 to $2.50 and set a “buy” rating for the company in a report on Friday, May 9th.

GrowGeneration Stock Performance

NASDAQ GRWG opened at $1.12 on Thursday. The company has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $1.43. GrowGeneration Corp. has a one year low of $0.82 and a one year high of $2.98. The firm has a market capitalization of $66.63 million, a PE ratio of -1.29 and a beta of 3.57.

GrowGeneration (NASDAQ:GRWG) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $39.63 million. GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. Equities analysts forecast that GrowGeneration Corp. will post -0.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Michael Salaman purchased 85,465 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of $1.21 per share, for a total transaction of $103,412.65. Following the completion of the transaction, the president now 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Darren Lampert acquired 82,639 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the transaction, the chief executive officer now owns 1,728,522 shares in the company, valued at $2,056,941.18. The trade was a 5.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.07% of the stock is owned by corporate insiders.

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.