GrowGeneration Corp. (NASDAQ:GRWG) Shares Sold by AWM Investment Company Inc.

AWM Investment Company Inc. decreased its holdings in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,681,729 shares of the company's stock after selling 247,272 shares during the quarter. AWM Investment Company Inc. owned about 2.84% of GrowGeneration worth $2,842,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GRWG. Geode Capital Management LLC boosted its position in GrowGeneration by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,368,953 shares of the company's stock worth $2,314,000 after acquiring an additional 17,254 shares during the last quarter. Monaco Asset Management SAM purchased a new position in GrowGeneration in the 4th quarter worth approximately $783,000. Renaissance Technologies LLC acquired a new position in shares of GrowGeneration during the 4th quarter worth approximately $431,000. Deutsche Bank AG grew its position in shares of GrowGeneration by 449.9% in the fourth quarter. Deutsche Bank AG now owns 127,091 shares of the company's stock valued at $215,000 after purchasing an additional 103,981 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of GrowGeneration by 8.0% in the fourth 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 during the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at GrowGeneration

In related news, CEO Darren Lampert acquired 82,639 shares of GrowGeneration stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the purchase, the chief executive officer now owns 1,728,522 shares in the company, valued at approximately $2,056,941.18. The trade was a 5.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Salaman bought 85,465 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $1.21 per share, with a total value of $103,412.65. Following the completion of the purchase, the president now directly owns 1,639,313 shares in the company, valued at $1,983,568.73. This represents a 5.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.62% of the stock is currently owned by corporate insiders.

GrowGeneration Stock Down 0.9%

Shares of GRWG traded down $0.01 during trading on Monday, reaching $1.09. 195,397 shares of the company traded hands, compared to its average volume of 584,286. GrowGeneration Corp. has a twelve month low of $0.82 and a twelve month high of $2.73. The stock has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $1.38. The stock has a market cap of $64.85 million, a PE ratio of -1.25 and a beta of 3.57.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. The firm had revenue of $35.70 million for the quarter, compared to analysts' expectations of $39.63 million. On average, equities research analysts predict that GrowGeneration Corp. will post -0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reduced their price target on GrowGeneration from $4.00 to $2.50 and set a "buy" rating on the stock in a report on Friday, May 9th.

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.