Clayton Partners LLC Boosts Holdings in Spruce Power Holding Co. (NYSE:SPRU)

Clayton Partners LLC boosted its stake in Spruce Power Holding Co. (NYSE:SPRU) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 438,318 shares of the company’s stock after acquiring an additional 54,918 shares during the period. Spruce Power comprises approximately 1.3% of Clayton Partners LLC’s portfolio, making the stock its 29th largest position. Clayton Partners LLC owned approximately 2.38% of Spruce Power worth $1,600,000 at the end of the most recent reporting period.

Separately, Vanguard Group Inc. lifted its stake in Spruce Power by 7.4% in the first quarter. Vanguard Group Inc. now owns 651,207 shares of the company’s stock valued at $2,585,000 after buying an additional 45,024 shares during the last quarter. Institutional investors own 20.76% of the company’s stock.

Spruce Power Price Performance

SPRU stock opened at $2.59 on Friday. The business has a 50 day simple moving average of $3.08 and a 200-day simple moving average of $3.49. The company has a market capitalization of $47.66 million, a P/E ratio of -0.97 and a beta of 1.20. Spruce Power Holding Co. has a twelve month low of $2.50 and a twelve month high of $6.24. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 2.86.

Spruce Power (NYSE:SPRU) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.46) earnings per share for the quarter. The business had revenue of $22.48 million for the quarter. Spruce Power had a negative return on equity of 10.61% and a negative net margin of 76.20%.

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.