MYDA Advisors LLC Invests $978,000 in urban-gro, Inc. (NASDAQ:UGRO)

MYDA Advisors LLC bought a new position in urban-gro, Inc. (NASDAQ:UGRO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 116,000 shares of the company’s stock, valued at approximately $978,000.

Other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in shares of urban-gro in the first quarter worth approximately $105,000. Avidian Wealth Solutions LLC purchased a new stake in urban-gro in the first quarter worth $194,000. Finally, Redmond Asset Management LLC purchased a new stake in urban-gro in the first quarter worth $574,000. Hedge funds and other institutional investors own 10.98% of the company’s stock.

In other urban-gro news, COO Jim Dennedy purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 17th. The stock was bought at an average price of $7.95 per share, with a total value of $79,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 25,000 shares of company stock valued at $193,570 in the last ninety days.

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

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

About urban-gro

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.

See Also: Lock-Up Period Expiration

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

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