NuScale Power Co. (NYSE:SMR) VP Sells $357,453.36 in Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NuScale Power Stock Down 7.3 %

Shares of SMR traded down $1.27 during trading hours on Thursday, reaching $16.05. The stock had a trading volume of 3,860,071 shares, compared to its average volume of 11,855,991. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12 month low of $3.79 and a 12 month high of $32.30. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -16.91 and a beta of 1.51. The firm has a 50-day simple moving average of $21.45 and a 200 day simple moving average of $18.53.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently added to or reduced their stakes in SMR. Victory Capital Management Inc. lifted its holdings in shares of NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after purchasing an additional 656 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock valued at $146,000 after purchasing an additional 809 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after purchasing an additional 820 shares in the last quarter. Amalgamated Bank boosted its holdings in NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in NuScale Power by 16.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock worth $159,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.