12,625 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,625 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after acquiring an additional 460,487 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock valued at $1,930,000 after purchasing an additional 111,812 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of NuScale Power by 581.8% in the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock worth $1,371,000 after purchasing an additional 100,995 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of NuScale Power in the third quarter worth approximately $277,000. Finally, Franklin Resources Inc. bought a new stake in NuScale Power during the third quarter valued at approximately $555,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Stock Up 11.6 %

SMR stock opened at $14.06 on Tuesday. The business’s 50-day moving average price is $19.06 and its 200-day moving average price is $19.84. The stock has a market cap of $3.97 billion, a P/E ratio of -14.80 and a beta of 1.64. 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 twelve month low of $4.61 and a twelve month high of $32.30.

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief technology officer now directly owns 516,207 shares of the company’s stock, valued at approximately $7,810,211.91. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,114 shares of company stock worth $1,351,231. Company insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

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

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.