Almanack Investment Partners LLC. Buys Shares of 12,216 NuScale Power Co. (NYSE:SMR)

Almanack Investment Partners LLC. bought a new position in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,216 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also recently bought and sold shares of the company. Financial Advocates Investment Management acquired a new stake in NuScale Power in the fourth quarter valued at approximately $474,000. Bleakley Financial Group LLC acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $764,000. Kercheville Advisors LLC acquired a new position in NuScale Power in the fourth quarter worth $188,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of NuScale Power by 755.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,600 shares of the company’s stock valued at $2,255,000 after buying an additional 102,080 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $262,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Stock Performance

NYSE:SMR opened at $25.86 on Friday. The firm has a 50 day moving average of $22.05 and a 200-day moving average of $17.08. 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 1 year low of $2.47 and a 1 year high of $32.30.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) EPS for the quarter. The business had revenue of $0.48 million for the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same quarter in the prior year, the firm earned ($0.26) EPS.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NuScale Power has a consensus rating of “Moderate Buy” and a consensus price target of $11.42.

NuScale Power Company Profile

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.