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

Barclays PLC lifted its position in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 274.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,452 shares of the company’s stock after purchasing an additional 55,290 shares during the quarter. 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 and other institutional investors also recently made changes to their positions in GRWG. SG Americas Securities LLC bought a new stake in GrowGeneration during the 3rd quarter worth about $42,000. American Century Companies Inc. lifted its position in GrowGeneration by 16.8% during the 2nd 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 in the last quarter. Empowered Funds LLC lifted its position in GrowGeneration by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after buying an additional 5,628 shares in the last quarter. Jane Street Group LLC lifted its position in 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 buying an additional 90,966 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings 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 valued at $419,000 after purchasing an additional 11,742 shares during the period. 36.02% of the stock is owned by institutional investors.

GrowGeneration Stock Performance

Shares of GRWG stock opened at $1.47 on Thursday. The firm’s 50-day moving average is $1.74 and its 200-day moving average is $1.98. The stock has a market cap of $87.08 million, a price-to-earnings ratio of -1.69 and a beta of 3.10. GrowGeneration Corp. has a 52-week low of $1.44 and a 52-week high of $3.38.

Insider Activity

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