Hussman Strategic Advisors Inc. Makes New $753,000 Investment in NuScale Power Co. (NYSE:SMR)

Hussman Strategic Advisors Inc. acquired a new position in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,000 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its position in NuScale Power by 73.0% in the fourth quarter. Private Advisor Group LLC now owns 61,374 shares of the company’s stock valued at $1,100,000 after purchasing an additional 25,904 shares during the period. Global Retirement Partners LLC raised its position in NuScale Power by 60.1% in the fourth quarter. Global Retirement Partners LLC now owns 4,932 shares of the company’s stock valued at $88,000 after purchasing an additional 1,852 shares during the period. New York State Common Retirement Fund raised its position in NuScale Power by 8.5% in the fourth quarter. New York State Common Retirement Fund now owns 24,172 shares of the company’s stock valued at $433,000 after purchasing an additional 1,900 shares during the period. Venturi Wealth Management LLC raised its position in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Finally, Truist Financial Corp raised its position in NuScale Power by 52.5% in the fourth quarter. Truist Financial Corp now owns 26,140 shares of the company’s stock valued at $469,000 after purchasing an additional 9,000 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Price Performance

NYSE:SMR opened at $20.80 on Friday. NuScale Power Co. has a 52 week low of $2.47 and a 52 week high of $32.30. 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 company has a market capitalization of $5.31 billion, a P/E ratio of -21.89 and a beta of 1.51. The stock’s fifty day moving average is $22.00 and its two-hundred day moving average is $17.94.

Insider Buying and Selling at NuScale Power

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

NuScale Power 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.