Spruce Power Holding Co. (NYSE:SPRU) Shares Bought by Clayton Partners LLC

Clayton Partners LLC grew its stake in shares of Spruce Power Holding Co. (NYSE:SPRU) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 438,318 shares of the company’s stock after purchasing an additional 54,918 shares during the period. Spruce Power makes up about 1.3% of Clayton Partners LLC’s holdings, making the stock its 29th largest position. Clayton Partners LLC’s holdings in Spruce Power were worth $1,600,000 as of its most recent filing with the SEC.

Separately, Salem Investment Counselors Inc. purchased a new stake in Spruce Power during the first quarter worth about $50,000. 20.76% of the stock is currently owned by institutional investors.

Spruce Power Stock Performance

Shares of SPRU opened at $2.59 on Friday. 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. The firm has a market capitalization of $47.66 million, a P/E ratio of -0.97 and a beta of 1.20. The firm’s 50-day moving average is $3.08 and its two-hundred day moving average is $3.49.

Spruce Power (NYSE:SPRU) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $22.48 million during 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.