Empowered Funds LLC Buys 5,628 Shares of GrowGeneration Corp. (NASDAQ:GRWG)

Empowered Funds LLC grew its stake in GrowGeneration Corp. (NASDAQ:GRWG) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,180 shares of the company’s stock after acquiring an additional 5,628 shares during the period. Empowered Funds LLC’s holdings in GrowGeneration were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in GrowGeneration in the 3rd quarter worth approximately $42,000. American Century Companies Inc. increased its stake in shares of GrowGeneration by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 84,823 shares of the company’s stock valued at $182,000 after buying an additional 12,197 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of GrowGeneration by 47.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 69,104 shares of the company’s stock worth $198,000 after acquiring an additional 22,269 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its stake in shares of GrowGeneration by 44.0% during the second quarter. Baader Bank Aktiengesellschaft now owns 180,000 shares of the company’s stock valued at $387,000 after acquiring an additional 55,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in GrowGeneration by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 194,974 shares of the company’s stock valued at $419,000 after acquiring an additional 11,742 shares during the last quarter. 36.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Darren Lampert acquired 57,467 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased 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 in the company, valued at $2,792,795.25. This trade represents a 3.74 % increase in their ownership of the stock. The transaction 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 the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of $1.74 per share, for a total transaction of $101,748.24. Following the completion of the acquisition, the president now owns 1,503,848 shares of the company’s stock, valued at approximately $2,616,695.52. This trade represents 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 Trading Down 2.0 %

NASDAQ GRWG opened at $1.93 on Wednesday. GrowGeneration Corp. has a 12 month low of $1.55 and a 12 month high of $3.38. The stock has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $2.19. The company has a market capitalization of $114.34 million, a PE ratio of -2.22 and a beta of 3.14.

Analyst Ratings Changes

Several analysts have weighed in on the company. Roth Mkm dropped their price objective on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a report on Friday, August 9th. Alliance Global Partners dropped their price target on shares of GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.75.

About GrowGeneration

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.