NuScale Power (NYSE:SMR) Trading Down 5.5% on Insider Selling

NuScale Power Co. (NYSE:SMR) shares dropped 5.5% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $16.01 and last traded at $16.36. Approximately 2,738,811 shares were traded during trading, a decline of 77% from the average daily volume of 11,829,965 shares. The stock had previously closed at $17.32.

Specifically, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NuScale Power Stock Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $21.45 and its 200 day moving average price is $18.53. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -16.88 and a beta of 1.51.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently modified their holdings of the company. Canal Insurance CO boosted its position in NuScale Power by 35.0% in the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after buying an additional 56,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after acquiring an additional 460,487 shares during the last quarter. Verition Fund Management LLC grew its holdings in NuScale Power by 319.9% during the 3rd quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after acquiring an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of NuScale Power by 204.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after purchasing an additional 111,812 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of NuScale Power by 581.8% in the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock valued at $1,371,000 after purchasing an additional 100,995 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

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.