NuScale Power (NYSE:SMR) Shares Down 3.4% – Here’s Why

NuScale Power Co. (NYSE:SMR)’s stock price was down 3.4% during trading on Friday . The stock traded as low as $23.45 and last traded at $23.86. Approximately 3,611,067 shares changed hands during trading, a decline of 71% from the average daily volume of 12,260,131 shares. The stock had previously closed at $24.71.

NuScale Power Stock 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 50-day moving average of $22.06 and a 200-day moving average of $17.66.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of the business’s 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 directly owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. 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

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp raised its stake in shares of NuScale Power by 20.3% during the 4th quarter. Northern Trust Corp now owns 801,193 shares of the company’s stock worth $14,365,000 after buying an additional 135,178 shares during the period. The Manufacturers Life Insurance Company raised its position in NuScale Power by 17.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 34,009 shares of the company’s stock worth $610,000 after acquiring an additional 5,146 shares during the period. Oxford Asset Management LLP acquired a new position in NuScale Power during the fourth quarter worth $363,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $303,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of NuScale Power by 26.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,010 shares of the company’s stock worth $665,000 after purchasing an additional 7,630 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.