Privium Fund Management B.V. Makes New $6.46 Million Investment in NuScale Power Co. (NYSE:SMR)

Privium Fund Management B.V. purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 360,001 shares of the company’s stock, valued at approximately $6,455,000. NuScale Power accounts for 1.5% of Privium Fund Management B.V.’s holdings, making the stock its 17th largest position. Privium Fund Management B.V. owned 0.14% of NuScale Power at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMR. Victory Capital Management Inc. lifted its stake in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock worth $191,000 after purchasing an additional 656 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the period. Amalgamated Bank raised its position in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of NuScale Power by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock worth $379,000 after buying an additional 1,314 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in 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 buying an additional 1,500 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, NuScale Power presently has a consensus rating of “Hold” and an average target price of $13.50.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, 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 in the company, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock worth $12,840,747 over the last 90 days. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Stock Performance

NYSE SMR opened at $16.63 on Wednesday. NuScale Power Co. has a 52-week low of $0.13 and a 52-week high of $32.30. The company has a fifty day moving average of $20.77 and a 200-day moving average of $19.09. The company has a market capitalization of $4.70 billion, a P/E ratio of -17.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

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.