GrowGeneration Corp. CEO and President purchased shares; earnings fell short of consensus estimate.
CEO Darren Lampert and President Michael Salaman of GrowGeneration Corp. (NASDAQ:GRWG) have purchased shares in the company, with Lampert acquiring 85,300 shares at $1.88 per share, totaling $160,364, and Salaman purchasing 85,301 shares at an average cost of $1.88, totaling $160,365.88. Institutional investors such as Vanguard Group Inc., Dimensional Fund Advisors LP, and Mirae Asset Global Investments Co. Ltd. have made recent changes to their positions in the company's stock. The company, which operates retail hydroponic and organic gardening stores, reported earnings of ($0.10) per share for its recent quarter, falling short of the consensus estimate of ($0.08). GrowGeneration Corp.'s market cap is $125.06 million, with a negative net margin of 22.68% and a negative return on equity of 18.00%.