Barclays PLC Acquires 55,290 Shares of GrowGeneration Corp. (NASDAQ:GRWG)

Barclays PLC boosted its stake in GrowGeneration Corp. (NASDAQ:GRWG) by 274.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,452 shares of the company’s stock after acquiring an additional 55,290 shares during the period. Barclays PLC owned 0.13% of GrowGeneration worth $161,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GRWG. SG Americas Securities LLC bought a new stake in shares of GrowGeneration during the 3rd quarter valued at about $42,000. American Century Companies Inc. lifted its holdings in GrowGeneration by 16.8% in the second quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock worth $182,000 after buying an additional 12,197 shares during the period. Empowered Funds LLC boosted its position in GrowGeneration by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock valued at $239,000 after acquiring an additional 5,628 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of GrowGeneration by 120.0% during the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after acquiring an additional 90,966 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of GrowGeneration by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock worth $419,000 after acquiring an additional 11,742 shares in the last quarter. 36.02% of the stock is owned by hedge funds and other institutional investors.

GrowGeneration Price Performance

GRWG opened at $1.74 on Wednesday. GrowGeneration Corp. has a 52 week low of $1.49 and a 52 week high of $3.38. The stock has a market cap of $103.09 million, a PE ratio of -2.00 and a beta of 3.10. The business has a 50 day moving average of $1.83 and a 200-day moving average of $2.02.

Insider Buying and Selling at GrowGeneration

In other GrowGeneration news, CEO Darren Lampert purchased 57,467 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of $1.75 per share, for a total transaction of $100,567.25. Following the purchase, the chief executive officer now directly owns 1,595,883 shares in the company, valued at $2,792,795.25. The trade was a 3.74 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Salaman purchased 58,476 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of $1.74 per share, with a total value of $101,748.24. Following the completion of the transaction, the president now owns 1,503,848 shares in the company, valued at $2,616,695.52. This trade represents a 4.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 7.07% of the company’s stock.

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.