Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Get Ranking) was the recipient of a big lower briefly curiosity throughout the month of August. As of August thirty first, there was quick curiosity totalling 2,940,000 shares, a lower of 9.0% from the August fifteenth whole of three,230,000 shares. Primarily based on a mean every day buying and selling quantity, of 958,400 shares, the days-to-cover ratio is at present 3.1 days. Presently, 7.6% of the shares of the corporate are offered quick.
Insider Shopping for and Promoting
In associated information, CEO William Douglas Toler acquired 25,000 shares of the inventory in a transaction that occurred on Friday, August twelfth. The inventory was bought at a mean price of $3.73 per share, for a complete transaction of $93,250.00. Following the acquisition, the chief govt officer now instantly owns 1,607,395 shares within the firm, valued at $5,995,583.35. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by way of this hyperlink. 3.50% of the inventory is owned by firm insiders.
Institutional Traders Weigh In On Hydrofarm Holdings Group
A number of hedge funds have not too long ago modified their holdings of the inventory. Vanguard Group Inc. lifted its holdings in shares of Hydrofarm Holdings Group by 7.4% throughout the first quarter. Vanguard Group Inc. now owns 3,319,757 shares of the corporate’s inventory valued at $50,293,000 after buying a further 228,319 shares over the past quarter. Wasatch Advisors Inc. lifted its stake in Hydrofarm Holdings Group by 5.7% within the 1st quarter. Wasatch Advisors Inc. now owns 3,205,198 shares of the corporate’s inventory price $48,559,000 after buying a further 173,284 shares within the final quarter. BlackRock Inc. lifted its stake in Hydrofarm Holdings Group by 3.9% within the 1st quarter. BlackRock Inc. now owns 2,498,783 shares of the corporate’s inventory price $37,855,000 after buying a further 93,506 shares within the final quarter. AdvisorShares Investments LLC lifted its stake in Hydrofarm Holdings Group by 1.5% within the 1st quarter. AdvisorShares Investments LLC now owns 1,654,160 shares of the corporate’s inventory price $25,061,000 after buying a further 23,772 shares within the final quarter. Lastly, Massachusetts Monetary Providers Co. MA lifted its stake in Hydrofarm Holdings Group by 12.9% within the 1st quarter. Massachusetts Monetary Providers Co. MA now owns 1,532,982 shares of the corporate’s inventory price $23,225,000 after buying a further 174,561 shares within the final quarter. 53.88% of the inventory is owned by hedge funds and different institutional buyers.
Hydrofarm Holdings Group Worth Efficiency
Shares of NASDAQ HYFM traded down $0.13 throughout mid-day buying and selling on Tuesday, hitting $2.55. 814,289 shares of the corporate traded palms, in comparison with its common quantity of 723,814. Hydrofarm Holdings Group has a 1 yr low of $2.27 and a 1 yr excessive of $45.01. The corporate has a present ratio of three.18, a fast ratio of 0.98 and a debt-to-equity ratio of 0.29. The enterprise has a 50 day transferring common of $3.35 and a two-hundred day transferring common of $7.21.
Analysts Set New Worth Targets
A number of analysis analysts have not too long ago issued stories on HYFM shares. UBS Group decreased their value goal on Hydrofarm Holdings Group to $4.00 in a analysis word on Friday, July twenty second. JPMorgan Chase & Co. minimize Hydrofarm Holdings Group from an “chubby” score to a “impartial” score in a analysis word on Wednesday, August third. 4 funding analysts have rated the inventory with a maintain score and two have given a purchase score to the inventory. Based on MarketBeat.com, Hydrofarm Holdings Group at present has a mean score of “Maintain” and a mean goal value of $16.00.
Hydrofarm Holdings Group Firm Profile
(Get Ranking)
Hydrofarm Holdings Group, Inc, along with its subsidiaries, engages within the manufacture and distribution of managed atmosphere agriculture (CEA) tools and provides in the USA and Canada. The corporate presents agricultural lighting gadgets, indoor local weather management tools, hydroponics and vitamins, and plant components used to develop, farm, and domesticate hashish, flowers, fruits, vegetation, greens, grains, and herbs in managed atmosphere; and distributes CEA tools and provides, which embrace develop gentle programs; heating, air flow, and air con programs; humidity and carbon dioxide displays and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer supply programs; and numerous rising media produced from soil, rock wool or coconut fiber.
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