NuScale Power (NYSE:SMR) Stock Price Down 0.4% – Here’s What Happened

NuScale Power Co. (NYSE:SMR)’s share price traded down 0.4% on Thursday . The company traded as low as $16.62 and last traded at $17.89. 4,728,928 shares changed hands during trading, a decline of 60% from the average session volume of 11,927,259 shares. The stock had previously closed at $17.95.

NuScale Power Stock Up 3.1 %

The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -18.14 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $21.69 and a 200-day moving average price of $18.32.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.96% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in 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 acquiring an additional 656 shares during the last quarter. Catalina Capital Group LLC raised its holdings in shares of NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after purchasing an additional 809 shares during the period. HighTower Advisors LLC lifted its stake in shares of NuScale Power by 7.3% in the 3rd 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 grew its holdings in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the period. Finally, Indie Asset Partners LLC increased its position in NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after purchasing an additional 1,250 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.