FORA Capital LLC Invests $471,000 in NuScale Power Co. (NYSE:SMR)

FORA Capital LLC acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,686 shares of the company's stock, valued at approximately $471,000.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB bought a new position in shares of NuScale Power in the first quarter worth about $18,585,000. Van ECK Associates Corp lifted its position in shares of NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after buying an additional 585,292 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after buying an additional 460,487 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NuScale Power by 97.3% in the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company's stock worth $3,256,000 after buying an additional 137,382 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of NuScale Power in the third quarter worth about $2,895,000. Institutional investors own 15.28% of the company's stock.

NuScale Power Trading Up 5.8 %

SMR stock traded up $1.64 during midday trading on Friday, reaching $29.70. 11,582,344 shares of the company traded hands, compared to its average volume of 6,385,441. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The business has a 50 day moving average of $18.85 and a 200-day moving average of $12.72. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of -31.21 and a beta of 1.12.

Insider Buying and Selling at NuScale Power

In other news, insider Robert K. Temple sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the sale, the insider now directly owns 14,054 shares in the company, valued at approximately $134,496.78. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 409,051 shares of company stock worth $5,525,671 over the last ninety days. Company insiders own 1.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. CLSA assumed coverage on NuScale Power in a research report on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Company Profile

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.