Insider Buying: GrowGeneration Corp. (NASDAQ:GRWG) President Purchases 85,465 Shares of Stock

GrowGeneration Corp. (NASDAQ:GRWG) President Michael Salaman acquired 85,465 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $1.21 per share, with a total value of $103,412.65. Following the completion of the acquisition, the president now directly owns 1,639,313 shares of the company’s stock, valued at approximately $1,983,568.73. This represents a 5.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

GrowGeneration Stock Performance

Shares of NASDAQ GRWG opened at $1.27 on Friday. The stock has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $1.71. The firm has a market cap of $75.51 million, a P/E ratio of -1.46 and a beta of 3.39. GrowGeneration Corp. has a 1 year low of $0.91 and a 1 year high of $3.38.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of 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 purchasing an additional 5,628 shares in the last quarter. American Century Companies Inc. boosted its position in shares of GrowGeneration by 8.0% during the 4th quarter. American Century Companies Inc. now owns 108,910 shares of the company’s stock valued at $184,000 after purchasing an additional 8,077 shares in the last quarter. Barclays PLC boosted its holdings in GrowGeneration by 12.0% during the fourth quarter. Barclays PLC now owns 84,528 shares of the company’s stock worth $143,000 after buying an additional 9,076 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GrowGeneration by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company’s stock worth $137,000 after buying an additional 9,613 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in GrowGeneration during the fourth quarter worth approximately $27,000. Institutional investors own 36.02% of the company’s stock.

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.