Clearline Capital Invests $995K in Scotts Miracle-Gro

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Clearline Capital LP acquired a new stake of 17,474 shares in The Scotts Miracle-Gro Company (NYSE:SMG) during the third quarter, valued at approximately $995,000. The investment comes as Scotts Miracle-Gro, a leading developer and distributor of consumer lawn and garden products, has seen its stock price fluctuate over the past year.

Why it matters

Scotts Miracle-Gro is a major player in the lawn and garden products industry, with a portfolio of well-known brands like Scotts, Miracle-Gro, and Ortho. The company's performance is closely watched by investors as an indicator of consumer spending on home improvement and gardening. Clearline Capital's investment suggests the hedge fund sees growth potential in Scotts Miracle-Gro's business.

The details

According to a recent SEC filing, Clearline Capital acquired the new stake in Scotts Miracle-Gro during the third quarter of 2026. The 17,474 shares are valued at approximately $995,000. Other institutional investors and hedge funds have also been making changes to their positions in Scotts Miracle-Gro, with some increasing their stakes and others reducing exposure.

• Clearline Capital acquired the new stake in Scotts Miracle-Gro during the third quarter of 2026.