Robert Ramsey Hamady Sells 31,496 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) CFO Robert Ramsey Hamady sold 31,496 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NuScale Power Price Performance

Shares of NYSE:SMR traded up $1.47 during trading on Tuesday, reaching $16.14. 12,606,937 shares of the company traded hands, compared to its average volume of 11,938,106. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.12 billion, a PE ratio of -16.99 and a beta of 1.58. The company’s 50 day moving average is $21.19 and its two-hundred day moving average is $18.74. NuScale Power Co. has a 52 week low of $3.79 and a 52 week high of $32.30.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.58.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Samsung C&T Corp acquired a new stake in NuScale Power during the 4th quarter worth about $46,745,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of NuScale Power in the 4th quarter worth about $22,823,000. Vanguard Group Inc. lifted its position in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp boosted its stake in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after purchasing an additional 511,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares in the last quarter. 78.37% of the stock is currently owned by 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.