Charles Schwab Investment Management Inc. Has $1.03 Million Stock Position in GrowGeneration Corp. (NASDAQ:GRWG)

Charles Schwab Investment Management Inc. lessened its position in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 4.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 481,374 shares of the company’s stock after selling 20,267 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in GrowGeneration were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in GrowGeneration by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,411,087 shares of the company’s stock worth $3,034,000 after purchasing an additional 43,701 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of GrowGeneration in the 3rd quarter valued at about $42,000. American Century Companies Inc. grew its position in shares of GrowGeneration by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock worth $182,000 after buying an additional 12,197 shares during the period. Bank of New York Mellon Corp raised its stake in shares of GrowGeneration by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock worth $419,000 after buying an additional 11,742 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of GrowGeneration by 5.3% during the third quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after buying an additional 5,628 shares during the last quarter. Institutional investors own 36.02% of the company’s stock.

GrowGeneration Stock Performance

Shares of GRWG stock opened at $1.72 on Wednesday. The firm’s 50 day moving average price is $1.95 and its two-hundred day moving average price is $2.11. GrowGeneration Corp. has a 52-week low of $1.55 and a 52-week high of $3.38. The stock has a market cap of $101.90 million, a PE ratio of -1.98 and a beta of 3.06.

Insider Activity

In related news, CEO Darren Lampert acquired 57,467 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of $1.75 per share, for a total transaction of $100,567.25. Following the completion of the acquisition, the chief executive officer now owns 1,595,883 shares of the company’s stock, valued at $2,792,795.25. This trade represents a 3.74 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Michael Salaman bought 58,476 shares of GrowGeneration stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of $1.74 per share, for a total transaction of $101,748.24. Following the acquisition, the president now owns 1,503,848 shares of the company’s stock, valued at approximately $2,616,695.52. The trade was a 4.05 % increase in their position. The disclosure for this purchase can be found here. 7.07% of the stock is currently owned by company insiders.

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.