GrowGeneration Corp. (NASDAQ:GRWG) Stock Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,381,141 shares of the company’s stock after selling 50,561 shares during the quarter. Dimensional Fund Advisors LP’s holdings in GrowGeneration were worth $2,334,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in GrowGeneration in the 4th quarter valued at about $27,000. Intech Investment Management LLC acquired a new stake in shares of GrowGeneration in the 4th quarter worth approximately $42,000. Wealthfront Advisers LLC bought a new position in shares of GrowGeneration in the fourth quarter valued at approximately $62,000. Barclays PLC increased its stake in shares of GrowGeneration by 12.0% during the fourth quarter. Barclays PLC now owns 84,528 shares of the company’s stock valued at $143,000 after acquiring an additional 9,076 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 8,077 shares during the period. 36.02% of the stock is currently owned by institutional investors.

GrowGeneration Stock Up 1.8%

NASDAQ:GRWG opened at $1.12 on Thursday. The business’s 50-day moving average price is $1.05 and its 200 day moving average price is $1.43. GrowGeneration Corp. has a 52-week low of $0.82 and a 52-week high of $2.98. The firm has a market cap of $66.63 million, a P/E ratio of -1.29 and a beta of 3.57.

GrowGeneration (NASDAQ:GRWG) last released its earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. The business had revenue of $35.70 million during the quarter, compared to the consensus estimate of $39.63 million. Sell-side analysts expect that GrowGeneration Corp. will post -0.58 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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