Key Points
- Director Mcbane Clara Nagy sold 40,000 shares of Spruce Power on Dec. 15 at an average price of $5.06 for a total of $202,400, leaving her with 107,755 shares — a 27.07% decrease in her ownership.
- Spruce Power trades near $4.99 with a market cap of about $90.6M, negative earnings (PE -3.62) and high leverage (debt-to-equity 3.67), and analysts hold a consensus "Sell" rating.
Spruce Power Holding Corporation (NYSE:SPRU - Get Free Report) Director Mcbane Clara Nagy sold 40,000 shares of the business's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $5.06, for a total transaction of $202,400.00. Following the completion of the transaction, the director directly owned 107,755 shares of the company's stock, valued at approximately $545,240.30. This represents a 27.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Spruce Power Trading Up 0.5%
Shares of SPRU stock traded up $0.03 on Thursday, reaching $4.99. 10,267 shares of the stock were exchanged, compared to its average volume of 484,057. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.51 and a quick ratio of 0.51. Spruce Power Holding Corporation has a one year low of $1.13 and a one year high of $6.11. The stock has a market cap of $90.60 million, a PE ratio of -3.62 and a beta of 1.43. The stock has a 50 day moving average price of $4.03 and a 200 day moving average price of $2.53.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Spruce Power in a report on Monday. Wall Street Zen upgraded Spruce Power to a "hold" rating in a report on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".
Get Our Latest Report on SPRU
Institutional Investors Weigh In On Spruce Power
Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Spruce Power in the third quarter valued at approximately $31,000. XTX Topco Ltd bought a new position in Spruce Power in the second quarter valued at $32,000. Jane Street Group LLC acquired a new stake in Spruce Power in the 2nd quarter valued at $42,000. Two Sigma Investments LP bought a new stake in Spruce Power during the 3rd quarter worth about $119,000. Finally, Clayton Partners LLC boosted its stake in shares of Spruce Power by 4.6% during the 1st quarter. Clayton Partners LLC now owns 463,335 shares of the company's stock worth $1,117,000 after buying an additional 20,264 shares during the last quarter. Institutional investors own 20.76% of the company's stock.
About Spruce Power
(
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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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