NuScale Power Co. (NYSE:SMR) CFO Sells $494,487.20 in Stock

NuScale Power Co. (NYSE:SMR) CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NuScale Power Price Performance

NYSE SMR opened at $15.22 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of -16.02 and a beta of 1.58. The stock has a 50-day moving average of $21.06 and a 200 day moving average of $18.75. NuScale Power Co. has a one year low of $3.79 and a one year high of $32.30.

Analyst Ratings Changes

Separately, UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and an average price target of $12.58.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently made changes to their positions in SMR. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter worth $33,000. Venturi Wealth Management LLC increased 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 worth $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares during the period. Twin Tree Management LP purchased a new position in shares of NuScale Power during the 4th quarter valued at about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors 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.