Insider Buying: Spruce Power Holding Co. (NYSE:SPRU) Director Acquires 4,000 Shares of Stock

Spruce Power Holding Co. (NYSE:SPRU) Director Eric M. Tech acquired 4,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $2.80 per share, with a total value of $11,200.00. Following the completion of the transaction, the director now owns 118,430 shares in the company, valued at $331,604. This represents a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Spruce Power Trading Up 2.6 %

NYSE SPRU traded up $0.07 on Monday, hitting $2.79. The company’s stock had a trading volume of 95,336 shares, compared to its average volume of 44,215. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 3.81. Spruce Power Holding Co. has a 1-year low of $2.17 and a 1-year high of $4.89. The company’s 50-day moving average is $2.55 and its 200 day moving average is $2.93. The firm has a market cap of $51.89 million, a PE ratio of -0.58 and a beta of 1.20.

Hedge Funds Weigh In On Spruce Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Spruce Power by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 155,200 shares of the company’s stock valued at $441,000 after acquiring an additional 9,093 shares during the period. Clayton Partners LLC increased its position in Spruce Power by 14.3% in the 2nd quarter. Clayton Partners LLC now owns 438,318 shares of the company’s stock valued at $1,600,000 after acquiring an additional 54,918 shares during the period. Finally, Vanguard Group Inc. increased its position in Spruce Power by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 651,207 shares of the company’s stock valued at $2,585,000 after acquiring an additional 45,024 shares during the period. 20.76% of the stock is currently owned by institutional investors and hedge funds.

Spruce Power Company Profile

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.