Virtu Financial LLC Grows Stake in GrowGeneration Corp. (NASDAQ:GRWG)

Virtu Financial LLC lifted its holdings in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 510.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,655 shares of the company’s stock after acquiring an additional 68,282 shares during the period. Virtu Financial LLC’s holdings in GrowGeneration were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of GrowGeneration during the 3rd quarter worth approximately $42,000. Barclays PLC raised its stake in GrowGeneration by 274.2% during the 3rd quarter. Barclays PLC now owns 75,452 shares of the company’s stock worth $161,000 after acquiring an additional 55,290 shares in the last quarter. American Century Companies Inc. lifted its position in GrowGeneration by 16.8% in the second quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock valued at $182,000 after acquiring an additional 12,197 shares during the last quarter. Empowered Funds LLC boosted its stake in GrowGeneration by 5.3% in the third quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock valued at $239,000 after acquiring an additional 5,628 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of GrowGeneration by 120.0% during 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 last quarter. 36.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Michael Salaman acquired 58,476 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $1.74 per share, for a total transaction 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 represents a 4.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Darren Lampert acquired 57,467 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $1.75 per share, with a total value of $100,567.25. Following the transaction, the chief executive officer now owns 1,595,883 shares in the company, valued at $2,792,795.25. The trade was a 3.74 % 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 Stock Performance

GRWG opened at $1.67 on Thursday. GrowGeneration Corp. has a one year low of $1.55 and a one year high of $3.38. The stock has a market capitalization of $98.94 million, a P/E ratio of -1.92 and a beta of 3.06. The business’s 50-day simple moving average is $1.94 and its 200-day simple moving average is $2.11.

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.