MRP Capital Investments LLC Makes New Investment in NuScale Power Co. (NYSE:SMR)

MRP Capital Investments LLC acquired a new stake in NuScale Power Co. (NYSE:SMR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,600 shares of the company’s stock, valued at approximately $966,000.

Other hedge funds have also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. purchased a new position in NuScale Power in the 1st quarter worth approximately $53,000. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power in the first quarter worth $58,000. International Assets Investment Management LLC bought a new position in shares of NuScale Power during the second quarter worth $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power during the second quarter valued at $75,000. Finally, Resurgent Financial Advisors LLC increased its holdings in NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors own 15.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SMR. B. Riley increased their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.63.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $9.17 on Thursday. The firm has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $8.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $16.91.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same period in the previous year, the firm earned ($0.13) earnings per share. As a group, sell-side analysts predict that NuScale Power Co. will post -0.55 earnings per share for the current year.

Insider Activity

In related news, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total value of $500,000.00. Following the completion of the sale, the insider now directly owns 19,054 shares in the company, valued at $190,540. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the completion of the transaction, the insider now owns 19,054 shares in the company, valued at approximately $190,540. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $134,496.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,544 shares of company stock valued at $809,536. 1.96% of the stock is currently owned by insiders.

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.