Empowered Funds LLC Has $239,000 Stock Holdings in GrowGeneration Corp. (NASDAQ:GRWG)

Empowered Funds LLC grew its holdings in GrowGeneration Corp. (NASDAQ:GRWG) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,180 shares of the company’s stock after acquiring an additional 5,628 shares during the period. Empowered Funds LLC owned 0.19% of GrowGeneration worth $239,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GRWG. Vanguard Group Inc. lifted its stake in shares of GrowGeneration by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,992,591 shares of the company’s stock valued at $8,559,000 after purchasing an additional 21,306 shares during the last quarter. Tidal Investments LLC bought a new position in GrowGeneration during the first quarter valued at about $5,934,000. Dimensional Fund Advisors LP lifted its position in shares of GrowGeneration by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock worth $3,034,000 after buying an additional 43,701 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GrowGeneration by 6.4% during 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. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of GrowGeneration by 44.0% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 180,000 shares of the company’s stock worth $387,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 36.02% of the company’s stock.

Insider Transactions at GrowGeneration

In other news, CEO Darren Lampert purchased 57,467 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $1.75 per share, for a total transaction of $100,567.25. Following the completion of the purchase, the chief executive officer now directly owns 1,595,883 shares of the company’s stock, valued at approximately $2,792,795.25. The trade was a 3.74 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Salaman acquired 58,476 shares of GrowGeneration stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of $1.74 per share, with a total value 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 disclosure for this purchase can be found here. Corporate insiders own 7.07% of the company’s stock.

GrowGeneration Stock Performance

GrowGeneration stock opened at $1.93 on Wednesday. The firm has a market capitalization of $114.34 million, a PE ratio of -2.22 and a beta of 3.14. The business’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $2.19. GrowGeneration Corp. has a 52 week low of $1.55 and a 52 week high of $3.38.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GRWG. Alliance Global Partners reduced their target price on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Roth Mkm dropped their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.75.

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.