Two Sigma Investments LP Has $114,000 Stake in GrowGeneration Corp. (NASDAQ:GRWG)

Two Sigma Investments LP trimmed its position in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 51.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,684 shares of the company’s stock after selling 72,225 shares during the period. Two Sigma Investments LP owned approximately 0.11% of GrowGeneration worth $114,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of GrowGeneration during the 4th quarter worth about $431,000. SBI Securities Co. Ltd. bought a new position in GrowGeneration in the 4th quarter worth approximately $27,000. Monaco Asset Management SAM acquired a new position in shares of GrowGeneration during the fourth quarter worth approximately $783,000. Deutsche Bank AG boosted its position in shares of GrowGeneration by 449.9% in the fourth quarter. Deutsche Bank AG now owns 127,091 shares of the company’s stock valued at $215,000 after acquiring an additional 103,981 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 17,254 shares during the period. 36.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Darren Lampert bought 82,639 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $1.19 per share, with a total value of $98,340.41. Following the acquisition, the chief executive officer now owns 1,728,522 shares in the company, valued at approximately $2,056,941.18. This represents a 5.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Salaman bought 85,465 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $1.21 per share, with a total value of $103,412.65. Following the transaction, the president now directly owns 1,639,313 shares in the company, valued at $1,983,568.73. This trade represents a 5.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.62% of the company’s stock.

GrowGeneration Stock Down 1.6%

Shares of GRWG opened at $1.23 on Friday. The stock’s 50-day moving average price is $1.07 and its 200 day moving average price is $1.32. The firm has a market capitalization of $73.18 million, a price-to-earnings ratio of -1.41 and a beta of 3.40. GrowGeneration Corp. has a 12-month low of $0.82 and a 12-month high of $2.70.

GrowGeneration (NASDAQ:GRWG) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm 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 research analysts expect that GrowGeneration Corp. will post -0.58 EPS for the current year.

Analysts Set New Price Targets

Separately, Lake Street Capital dropped their target price on shares of GrowGeneration from $4.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, May 9th.

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.