Spruce Power Holding Co. (NYSE:SPRU - Get Free Report) Director Eric M. Tech acquired 4,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $2.80 per share, with a total value of $11,200.00. Following the transaction, the director now directly owns 118,430 shares of the company's stock, valued at approximately $331,604. This represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Spruce Power Stock Up 2.6 %
Shares of Spruce Power stock opened at $2.79 on Tuesday. The company has a fifty day moving average price of $2.55 and a 200 day moving average price of $2.93. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 3.81. Spruce Power Holding Co. has a twelve month low of $2.17 and a twelve month high of $4.89. The stock has a market cap of $51.89 million, a price-to-earnings ratio of -0.55 and a beta of 1.20.
Institutional Investors Weigh In On Spruce Power
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Spruce Power by 7.4% during the first quarter. Vanguard Group Inc. now owns 651,207 shares of the company's stock worth $2,585,000 after purchasing an additional 45,024 shares in the last quarter. Clayton Partners LLC increased its stake in Spruce Power by 14.3% during the 2nd quarter. Clayton Partners LLC now owns 438,318 shares of the company's stock worth $1,600,000 after buying an additional 54,918 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Spruce Power by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 155,200 shares of the company's stock worth $441,000 after buying an additional 9,093 shares in the last quarter. Hedge funds and other institutional investors own 20.76% of the company's stock.
Spruce Power Company Profile
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Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 75,000 customers.
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