Privium Fund Management B.V. Invests $6.46 Million in NuScale Power Co. (NYSE:SMR)

Privium Fund Management B.V. purchased a new stake in NuScale Power Co. (NYSE:SMR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 360,001 shares of the company's stock, valued at approximately $6,455,000. NuScale Power comprises 1.5% of Privium Fund Management B.V.'s holdings, making the stock its 17th largest holding. Privium Fund Management B.V. owned 0.14% of NuScale Power at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock valued at $191,000 after buying an additional 656 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of NuScale Power by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after purchasing an additional 820 shares during the last quarter. Amalgamated Bank increased its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of NuScale Power by 6.6% during the 4th quarter. Corient Private Wealth LLC now owns 21,130 shares of the company's stock worth $379,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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NuScale Power Stock Performance

Shares of SMR stock traded down $0.09 during midday trading on Friday, hitting $18.11. 7,798,233 shares of the company were exchanged, compared to its average volume of 8,197,412. The firm has a market capitalization of $5.11 billion, a P/E ratio of -19.06 and a beta of 1.58. 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 firm's 50 day moving average price is $20.68 and its two-hundred day moving average price is $19.15. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 720,682 shares of company stock valued at $12,840,747. Company insiders own 1.96% of the company's stock.

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.