NuScale Power (NYSE:SMR) Stock Price Down 2.1% – Here’s What Happened

NuScale Power Co. (NYSE:SMR)’s stock price traded down 2.1% during mid-day trading on Friday . The company traded as low as $20.05 and last traded at $20.34. 2,666,024 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 11,969,931 shares. The stock had previously closed at $20.78.

NuScale Power Stock Down 8.3 %

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 stock has a 50-day simple moving average of $21.95 and a 200-day simple moving average of $18.08. The firm has a market capitalization of $4.87 billion, a PE ratio of -20.07 and a beta of 1.51.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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 directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after buying an additional 635,271 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NuScale Power by 1.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock worth $101,998,000 after buying an additional 89,949 shares in the last quarter. Samsung C&T Corp purchased a new position in NuScale Power during the fourth quarter worth about $46,745,000. Geode Capital Management LLC grew its position in NuScale Power by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock worth $35,249,000 after buying an additional 135,613 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after buying an additional 511,168 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.