Charles Schwab Investment Management Inc. Sells 15,184 Shares of GrowGeneration Corp. (NASDAQ:GRWG)

Charles Schwab Investment Management Inc. lowered its stake in GrowGeneration Corp. (NASDAQ:GRWG) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 466,190 shares of the company’s stock after selling 15,184 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in GrowGeneration were worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GRWG. SBI Securities Co. Ltd. purchased a new position in GrowGeneration during the fourth quarter valued at approximately $27,000. Barclays PLC boosted its stake in GrowGeneration by 274.2% in the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after purchasing an additional 55,290 shares during the period. Virtu Financial LLC increased its holdings in shares of GrowGeneration by 510.6% in the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock worth $174,000 after purchasing an additional 68,282 shares during the last quarter. Jane Street Group LLC raised its stake in GrowGeneration by 120.0% during the third 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 in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of GrowGeneration by 24.7% in the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after purchasing an additional 370,635 shares during the last quarter. 36.02% of the stock is owned by hedge funds and other institutional investors.

GrowGeneration Trading Down 3.5 %

NASDAQ GRWG opened at $1.11 on Monday. The stock has a market cap of $66.00 million, a PE ratio of -1.28 and a beta of 3.39. The company’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.68. GrowGeneration Corp. has a 12 month low of $0.91 and a 12 month high of $3.38.

Insiders Place Their Bets

In other news, CEO Darren Lampert acquired 82,639 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $1.19 per share, with a total value 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 approximately $2,056,941.18. This trade represents a 5.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael Salaman purchased 85,465 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $1.21 per share, for a total transaction of $103,412.65. Following the completion of the transaction, the president now directly owns 1,639,313 shares in the company, valued at $1,983,568.73. This trade represents a 5.50 % increase in their position. The disclosure for this purchase can be found here. 7.07% of the stock is currently owned by corporate 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.