Wolverine Asset Management LLC Lowers Position in NuScale Power Co. (NYSE:SMR)

Wolverine Asset Management LLC cut its holdings in shares of NuScale Power Co. (NYSE:SMR) by 97.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,190 shares of the company’s stock after selling 116,470 shares during the quarter. Wolverine Asset Management LLC’s holdings in NuScale Power were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Hussman Strategic Advisors Inc. purchased a new position in shares of NuScale Power during the 4th quarter worth $753,000. Private Advisor Group LLC grew its holdings in shares of NuScale Power by 73.0% during the 4th quarter. Private Advisor Group LLC now owns 61,374 shares of the company’s stock worth $1,100,000 after purchasing an additional 25,904 shares during the period. Global Retirement Partners LLC grew its holdings in shares of NuScale Power by 60.1% during the 4th quarter. Global Retirement Partners LLC now owns 4,932 shares of the company’s stock worth $88,000 after purchasing an additional 1,852 shares during the period. New York State Common Retirement Fund grew its holdings in shares of NuScale Power by 8.5% during the 4th quarter. New York State Common Retirement Fund now owns 24,172 shares of the company’s stock worth $433,000 after purchasing an additional 1,900 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

NuScale Power Stock Performance

NYSE SMR opened at $18.48 on Tuesday. The stock has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $18.22. NuScale Power Co. has a twelve month low of $2.56 and a twelve month high of $32.30. The stock has a market cap of $4.72 billion, a PE ratio of -19.45 and a beta of 1.51. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

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.