Geode Capital Management LLC Has $2.88 Million Holdings in GrowGeneration Corp. (NASDAQ:GRWG)

Geode Capital Management LLC decreased its holdings in GrowGeneration Corp. (NASDAQ:GRWG) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,351,699 shares of the company’s stock after selling 26,290 shares during the period. Geode Capital Management LLC’s holdings in GrowGeneration were worth $2,879,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GRWG. Jane Street Group LLC increased its holdings in shares of GrowGeneration by 120.0% in the 3rd quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock valued at $355,000 after purchasing an additional 90,966 shares during the period. Barclays PLC increased its holdings in shares of GrowGeneration by 274.2% in the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after purchasing an additional 55,290 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of GrowGeneration by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock valued at $3,034,000 after purchasing an additional 43,701 shares during the period. SG Americas Securities LLC acquired a new position in shares of GrowGeneration in the 3rd quarter valued at about $42,000. Finally, American Century Companies Inc. increased its holdings in shares of GrowGeneration by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock valued at $182,000 after purchasing an additional 12,197 shares during the period. Institutional investors and hedge funds own 36.02% of the company’s stock.

GrowGeneration Price Performance

Shares of GRWG opened at $1.74 on Wednesday. The company has a market capitalization of $103.09 million, a price-to-earnings ratio of -2.00 and a beta of 3.10. GrowGeneration Corp. has a fifty-two week low of $1.49 and a fifty-two week high of $3.38. The business’s 50-day moving average is $1.83 and its 200-day moving average is $2.02.

Insider Buying and Selling

In other news, President Michael Salaman acquired 58,476 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the president now owns 1,503,848 shares of the company’s stock, valued at approximately $2,616,695.52. This represents a 4.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Darren Lampert bought 57,467 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $1.75 per share, with a total value of $100,567.25. Following the transaction, the chief executive officer now directly owns 1,595,883 shares of the company’s stock, valued at approximately $2,792,795.25. This trade 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 currently owned by corporate insiders.

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.