255,110 Shares in GrowGeneration Corp. (NASDAQ:GRWG) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in GrowGeneration Corp. (NASDAQ:GRWG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 255,110 shares of the company's stock, valued at approximately $431,000. Renaissance Technologies LLC owned 0.43% of GrowGeneration as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GRWG. Jane Street Group LLC boosted its stake 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 buying an additional 90,966 shares during the period. Barclays PLC lifted its stake in shares of GrowGeneration by 274.2% during the third quarter. Barclays PLC now owns 75,452 shares of the company's stock worth $161,000 after purchasing an additional 55,290 shares in the last quarter. Virtu Financial LLC increased its position in shares of GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company's stock worth $174,000 after acquiring an additional 68,282 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in GrowGeneration during the 4th quarter worth $27,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of GrowGeneration during the 4th quarter valued at approximately $62,000. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased their target price on shares of GrowGeneration from $4.00 to $2.50 and set a "buy" rating for the company in a research report on Friday.

GrowGeneration Stock Down 11.5 %

Shares of GrowGeneration stock traded down $0.14 during trading on Friday, reaching $1.09. 448,649 shares of the company were exchanged, compared to its average volume of 646,728. The business has a 50-day moving average price of $1.05 and a 200-day moving average price of $1.46. The firm has a market capitalization of $64.78 million, a price-to-earnings ratio of -1.25 and a beta of 3.57. GrowGeneration Corp. has a twelve month low of $0.82 and a twelve month high of $3.09.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. On average, equities research analysts forecast that GrowGeneration Corp. will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling at GrowGeneration

In other news, President Michael Salaman acquired 85,465 shares of GrowGeneration stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of $1.21 per share, for a total transaction of $103,412.65. Following the transaction, the president now directly owns 1,639,313 shares of the company's stock, valued at approximately $1,983,568.73. The trade was a 5.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Darren Lampert purchased 82,639 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $1.19 per share, with a total value of $98,340.41. Following the completion of the transaction, the chief executive officer now owns 1,728,522 shares in the company, valued at approximately $2,056,941.18. This trade represents a 5.02 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.07% of the company's stock.

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.