FORA Capital LLC Invests $471,000 in NuScale Power Co. (NYSE:SMR)

FORA Capital LLC acquired a new stake in NuScale Power Co. (NYSE:SMR) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 40,686 shares of the company’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMR. US Bancorp DE acquired a new stake in shares of NuScale Power during the third quarter valued at about $54,000. CWM LLC boosted its position in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at approximately $64,000. TFC Financial Management Inc. purchased a new stake in NuScale Power in the second quarter valued at approximately $75,000. Finally, Virtu Financial LLC acquired a new position in NuScale Power during the first quarter worth $98,000. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 144,627 shares of NuScale Power stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $10.90, for a total value of $1,576,434.30. Following the completion of the transaction, the insider now owns 14,054 shares in the company, valued at $153,188.60. The trade was a 91.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 409,051 shares of company stock valued at $5,525,671. 1.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMR has been the topic of several research analyst reports. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, NuScale Power has an average rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Price Performance

SMR opened at $28.06 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The business has a fifty day moving average price of $18.49 and a 200 day moving average price of $12.61. NuScale Power Co. has a 12 month low of $1.88 and a 12 month high of $31.97.

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.