MRP Capital Investments LLC Purchases Shares of 82,600 NuScale Power Co. (NYSE:SMR)

MRP Capital Investments LLC acquired a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 82,600 shares of the company's stock, valued at approximately $966,000.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after purchasing an additional 4,014 shares in the last quarter. International Assets Investment Management LLC bought a new stake in NuScale Power during the 2nd quarter worth approximately $64,000. TFC Financial Management Inc. acquired a new position in NuScale Power in the 2nd quarter valued at approximately $75,000. Resurgent Financial Advisors LLC grew its stake in NuScale Power by 100.0% during the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock worth $79,000 after purchasing an additional 7,400 shares during the period. Finally, Evanson Asset Management LLC increased its holdings in NuScale Power by 44.3% in the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company's stock worth $138,000 after purchasing an additional 7,986 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. CLSA assumed coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 price objective for the company. B. Riley raised their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, NuScale Power currently has a consensus rating of "Moderate Buy" and an average target price of $8.63.

Insiders Place Their Bets

In other NuScale Power news, insider Robert K. Temple sold 5,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $9.57, for a total transaction of $47,850.00. Following the sale, the insider now owns 14,054 shares of the company's stock, valued at approximately $134,496.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the transaction, the chief financial officer now owns 57,681 shares of the company's stock, valued at $460,294.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction dated 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 of the company's stock, valued at approximately $134,496.78. The disclosure for this sale can be found here. Insiders sold 86,544 shares of company stock valued at $809,536 over the last ninety days. 1.96% of the stock is currently owned by insiders.

NuScale Power Stock Performance

Shares of NYSE SMR traded up $0.17 during mid-day trading on Thursday, reaching $9.34. 947,002 shares of the company's stock were exchanged, compared to its average volume of 4,763,571. The firm has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $8.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -10.79 and a beta of 1.22. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $16.91.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the firm posted ($0.13) EPS. Analysts predict that NuScale Power Co. will post -0.55 EPS for the current year.

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.