MYDA Advisors LLC Purchases Shares of 116,000 urban-gro, Inc. (NASDAQ:UGRO)

MYDA Advisors LLC purchased a new stake in shares of urban-gro, Inc. (NASDAQ:UGRO) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 116,000 shares of the company’s stock, valued at approximately $978,000. MYDA Advisors LLC owned approximately 1.07% of urban-gro at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in urban-gro during the 1st quarter valued at $105,000. Avidian Wealth Solutions LLC bought a new stake in urban-gro during the 1st quarter valued at $194,000. Finally, Redmond Asset Management LLC bought a new stake in shares of urban-gro in the 1st quarter worth $574,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

Shares of NASDAQ UGRO traded up $0.20 during trading on Friday, hitting $10.10. The stock had a trading volume of 1,042 shares, compared to its average volume of 248,784. urban-gro, Inc. has a 12 month low of $4.00 and a 12 month high of $162.00. The company’s fifty day moving average price is $8.55.

urban-gro (NASDAQ:UGRO) last posted its earnings results on Wednesday, March 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $9.21 million for the quarter.

In related news, COO Jim Dennedy purchased 8,500 shares of urban-gro stock in a transaction that occurred on Wednesday, May 19th. The stock was bought at an average price of $7.70 per share, for a total transaction of $65,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders bought 25,000 shares of company stock valued at $193,570.

urban-gro Profile

urban-gro, Inc operates as an engineering design services company that integrates complex environmental equipment systems to create indoor cultivation facilities for the commercial horticulture market the United States, Canada, and Europe. The company offers engineering and design services, including cultivation space programming, integrated cultivation design, and full-facility mechanical, electrical, and plumbing engineering; training services ranging from equipment standard operating procedure libraries to staff training sessions; facility and equipment commissioning services; program overview and pricing; and related-party hardware and software platforms.

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Institutional Ownership by Quarter for urban-gro (NASDAQ:UGRO)

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