NuScale Power (NYSE:SMR) Trading Down 5.5% Following Insider Selling

Shares of NuScale Power Co. (NYSE:SMR) traded down 5.5% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $16.01 and last traded at $16.36. 2,738,811 shares changed hands during trading, a decline of 77% from the average session volume of 11,829,965 shares. The stock had previously closed at $17.32.

Specifically, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NuScale Power Price Performance

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 firm has a market cap of $4.06 billion, a price-to-earnings ratio of -16.73 and a beta of 1.58. The stock has a 50-day moving average price of $21.33 and a 200 day moving average price of $18.51.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NuScale Power by 1.6% during the 4th 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 stake in shares of NuScale Power in the fourth quarter valued at approximately $46,745,000. Geode Capital Management LLC grew its holdings 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 acquiring an additional 135,613 shares during the period. Finally, Van ECK Associates Corp raised its position in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after acquiring an additional 511,168 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.