Geode Capital Management LLC Acquires 9,093 Shares of Spruce Power Holding Co. (NYSE:SPRU)

Geode Capital Management LLC lifted its holdings in shares of Spruce Power Holding Co. (NYSE:SPRU) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,200 shares of the company’s stock after purchasing an additional 9,093 shares during the period. Geode Capital Management LLC owned 0.84% of Spruce Power worth $441,000 as of its most recent filing with the SEC.

Separately, Clayton Partners LLC raised its holdings 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 purchasing an additional 54,918 shares during the last quarter. Institutional investors own 20.76% of the company’s stock.

Insider Activity at Spruce Power

In other Spruce Power news, Director John P. Miller bought 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of $2.62 per share, for a total transaction of $52,400.00. Following the completion of the acquisition, the director now owns 80,593 shares in the company, valued at $211,153.66. This trade represents a 33.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 29,000 shares of company stock worth $76,240 over the last quarter. Company insiders own 9.60% of the company’s stock.

Spruce Power Trading Down 5.4 %

NYSE:SPRU opened at $2.96 on Monday. Spruce Power Holding Co. has a 52 week low of $2.17 and a 52 week high of $4.89. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.75 and a current ratio of 2.75. The firm’s fifty day moving average is $2.69 and its 200-day moving average is $2.87. The firm has a market cap of $55.06 million, a P/E ratio of -0.58 and a beta of 1.15.

Spruce Power 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.