Intech Investment Management LLC Makes New Investment in GrowGeneration Corp. (NASDAQ:GRWG)

Intech Investment Management LLC acquired a new stake in GrowGeneration Corp. (NASDAQ:GRWG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 24,895 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors also recently modified their holdings of GRWG. Monaco Asset Management SAM acquired a new stake in shares of GrowGeneration in the fourth quarter valued at approximately $783,000. Wealthfront Advisers LLC bought a new position in GrowGeneration in the fourth quarter valued at about $62,000. SBI Securities Co. Ltd. bought a new stake in GrowGeneration during the 4th quarter worth about $27,000. Tidal Investments LLC lifted 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 period. Finally, Virtu Financial LLC raised its stake in shares of GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after buying an additional 68,282 shares during the last quarter. 36.02% of the stock is owned by institutional investors.

GrowGeneration Stock Down 3.5 %

GRWG stock opened at $1.11 on Friday. GrowGeneration Corp. has a twelve month low of $0.91 and a twelve month high of $3.38. The business’s fifty day moving average is $1.29 and its 200-day moving average is $1.68. The company has a market cap of $66.00 million, a P/E ratio of -1.28 and a beta of 3.39.

Insider Activity

In other GrowGeneration news, CEO Darren Lampert acquired 82,639 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $1.19 per share, with a total value of $98,340.41. Following the purchase, the chief executive officer now owns 1,728,522 shares of the company’s stock, valued at $2,056,941.18. This represents a 5.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Salaman purchased 85,465 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $1.21 per share, with a total value of $103,412.65. Following the completion of the acquisition, the president now directly owns 1,639,313 shares of the company’s stock, valued at approximately $1,983,568.73. This represents a 5.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.07% of the stock is currently owned by company insiders.

GrowGeneration Company 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.