Hydrofarm Holdings Group (NASDAQ:HYFM) Stock Price Up 2.9% – Here’s What Happened

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s stock price rose 2.9% during trading on Friday . The company traded as high as $0.71 and last traded at $0.70. Approximately 89,812 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 175,650 shares. The stock had previously closed at $0.68.

Hydrofarm Holdings Group Trading Up 2.9 %

The firm has a market capitalization of $32.30 million, a P/E ratio of -0.50 and a beta of 1.91. The firm has a 50-day moving average of $0.66 and a 200-day moving average of $0.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.41 and a current ratio of 3.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Hydrofarm Holdings Group by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock valued at $328,000 after acquiring an additional 26,350 shares during the last quarter. XTX Topco Ltd boosted its position in Hydrofarm Holdings Group by 80.3% during the 3rd quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after acquiring an additional 19,147 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Hydrofarm Holdings Group by 82.2% during the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after buying an additional 20,357 shares during the last quarter. Renaissance Technologies LLC increased its position in Hydrofarm Holdings Group by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock valued at $504,000 after buying an additional 45,800 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Hydrofarm Holdings Group by 18.2% during the first quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock worth $2,027,000 after acquiring an additional 288,701 shares during the last quarter. 26.61% of the stock is owned by hedge funds and other institutional investors.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.