Van ECK Associates Corp Increases Stock Position in NuScale Power Co. (NYSE:SMR)

Van ECK Associates Corp increased its position in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,746,625 shares of the company's stock after acquiring an additional 511,168 shares during the period. Van ECK Associates Corp owned approximately 0.68% of NuScale Power worth $31,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of NuScale Power by 467.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 85,738 shares of the company's stock worth $1,537,000 after buying an additional 70,638 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of NuScale Power by 99.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,755 shares of the company's stock worth $247,000 after buying an additional 6,855 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of NuScale Power in the 4th quarter worth $219,000. Financial Advocates Investment Management bought a new position in shares of NuScale Power in the 4th quarter worth $474,000. Finally, Bleakley Financial Group LLC bought a new position in shares of NuScale Power in the 4th quarter worth $764,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

Shares of NYSE:SMR traded down $1.18 during trading on Tuesday, reaching $21.90. The company had a trading volume of 7,198,573 shares, compared to its average volume of 12,289,788. The company has a fifty day moving average of $22.04 and a two-hundred day moving average of $17.81. The stock has a market capitalization of $5.59 billion, a P/E ratio of -23.05 and a beta of 1.51. NuScale Power Co. has a 12 month low of $2.47 and a 12 month high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.96% of the company's stock.

NuScale Power 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.