Mirae Asset Global Investments Co. Ltd. decreased its position in shares of GrowGeneration Corp. (NASDAQ:GRWG – Free Report) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,002 shares of the company’s stock after selling 100,125 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.75% of GrowGeneration worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in GRWG. AdvisorNet Financial Inc boosted its holdings in shares of GrowGeneration by 96.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 10,196 shares of the company’s stock valued at $30,000 after acquiring an additional 5,000 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of GrowGeneration by 32.3% during the third quarter. Private Advisor Group LLC now owns 24,596 shares of the company’s stock worth $72,000 after purchasing an additional 6,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of GrowGeneration in the fourth quarter valued at approximately $31,000. Cambria Investment Management L.P. raised its holdings in GrowGeneration by 62.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 75,950 shares of the company’s stock valued at $222,000 after buying an additional 29,225 shares during the last quarter. Finally, Kinloch Capital LLC acquired a new stake in GrowGeneration during the 3rd quarter worth approximately $100,000. 36.02% of the stock is owned by institutional investors.
GrowGeneration Trading Up 7.1 %
Shares of GRWG stock opened at $2.26 on Tuesday. GrowGeneration Corp. has a 1-year low of $1.77 and a 1-year high of $5.00. The stock has a market cap of $138.99 million, a price-to-earnings ratio of -3.01 and a beta of 3.01. The stock has a 50-day moving average of $2.32 and a 200-day moving average of $2.39.
Analyst Upgrades and Downgrades
Separately, Oppenheimer cut shares of GrowGeneration from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 20th.
View Our Latest Stock Report on GRWG
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.
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