Virtu Financial LLC Sells 23,136 Shares of GrowGeneration Corp. (NASDAQ:GRWG)

Virtu Financial LLC lowered its stake in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,519 shares of the company’s stock after selling 23,136 shares during the quarter. Virtu Financial LLC owned approximately 0.10% of GrowGeneration worth $99,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of GrowGeneration in the fourth quarter valued at approximately $27,000. Intech Investment Management LLC bought a new stake in shares of GrowGeneration during the fourth quarter worth $42,000. Wealthfront Advisers LLC acquired a new position in shares of GrowGeneration during the fourth quarter valued at $62,000. Barclays PLC boosted its holdings in GrowGeneration by 274.2% in the third quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after acquiring an additional 55,290 shares during the last quarter. Finally, Jane Street Group LLC increased its position in GrowGeneration by 120.0% in the third quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock worth $355,000 after purchasing an additional 90,966 shares during the period. Institutional investors and hedge funds own 36.02% of the company’s stock.

Insider Buying and Selling at GrowGeneration

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

GrowGeneration Trading Down 3.5 %

GrowGeneration stock opened at $1.11 on Monday. The company has a market cap of $66.00 million, a PE ratio of -1.28 and a beta of 3.39. GrowGeneration Corp. has a 1 year low of $0.91 and a 1 year high of $3.38. The company’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.68.

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.