Jacqueline F. Engel Sells 24,618 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) VP Jacqueline F. Engel sold 24,618 shares of the firm’s 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 sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. This 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 accessible through this hyperlink.

NuScale Power Stock Performance

NYSE SMR traded down $1.27 during trading hours on Thursday, reaching $16.05. 3,860,071 shares of the company were exchanged, compared to its average volume of 11,855,991. The stock has a market capitalization of $4.10 billion, a P/E ratio of -16.91 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 1 year low of $3.79 and a 1 year high of $32.30. The business’s 50 day simple moving average is $21.45 and its 200-day simple moving average is $18.53.

Institutional Investors Weigh In On NuScale Power

Large investors have recently modified their holdings of the stock. Total Wealth Planning & Management Inc. bought a new position in NuScale Power during the fourth quarter valued at $324,000. Glen Eagle Advisors LLC bought a new position in shares of NuScale Power during the 4th quarter worth $208,000. Voloridge Investment Management LLC bought a new stake in NuScale Power in the 4th quarter valued at about $1,766,000. Two Sigma Advisers LP purchased a new stake in NuScale Power during the fourth quarter valued at about $2,018,000. Finally, Two Sigma Investments LP boosted its holdings in NuScale Power by 60.2% in the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company’s stock worth $8,733,000 after buying an additional 182,928 shares during the period. 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.