MRP Capital Investments LLC Sells 17,000 Shares of NuScale Power Co. (NYSE:SMR)

MRP Capital Investments LLC lowered its position in shares of NuScale Power Co. (NYSE:SMR) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,500 shares of the company’s stock after selling 17,000 shares during the quarter. MRP Capital Investments LLC’s holdings in NuScale Power were worth $1,246,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after purchasing an additional 656 shares during the period. HighTower Advisors LLC raised its holdings in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after purchasing an additional 820 shares during the period. Amalgamated Bank raised its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares during the period. Corient Private Wealth LLC raised its holdings in shares of NuScale Power by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock valued at $379,000 after purchasing an additional 1,314 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction 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 represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 720,682 shares of company stock worth $12,840,747. Insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th.

NuScale Power Trading Down 1.9 %

NYSE:SMR opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -19.14 and a beta of 1.58. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30. The firm has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $19.08.

NuScale Power 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.