Janney Montgomery Scott LLC Invests $202,000 in NuScale Power Co. (NYSE:SMR)

Janney Montgomery Scott LLC bought a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,274 shares of the company's stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SMR. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power in the third quarter valued at about $44,000. US Bancorp DE acquired a new stake in shares of NuScale Power in the third quarter valued at about $54,000. CWM LLC lifted its stake in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after purchasing an additional 5,191 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of NuScale Power in the third quarter valued at about $116,000. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of NuScale Power in the third quarter valued at about $117,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

Shares of NYSE SMR traded down $1.64 during midday trading on Monday, hitting $23.07. The company had a trading volume of 9,524,849 shares, compared to its average volume of 12,315,810. 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 $2.47 and a twelve month high of $32.30. The business has a 50-day simple moving average of $22.04 and a two-hundred day simple moving average of $17.81. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -24.28 and a beta of 1.51.

Insider Activity at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% 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.