NuScale Power Co. (NYSE:SMR) Shares Sold by Indie Asset Partners LLC

Indie Asset Partners LLC trimmed its stake in NuScale Power Co. (NYSE:SMR) by 23.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,350 shares of the company’s stock after selling 4,450 shares during the quarter. Indie Asset Partners LLC’s holdings in NuScale Power were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SMR. CWM LLC grew its holdings in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NuScale Power during the third quarter valued at $175,000. Private Advisor Group LLC grew its holdings in shares of NuScale Power by 20.7% during the third quarter. Private Advisor Group LLC now owns 35,470 shares of the company’s stock valued at $411,000 after buying an additional 6,071 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of NuScale Power by 1,984.4% during the third quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock valued at $1,328,000 after buying an additional 109,142 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NuScale Power during the third quarter valued at $170,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on 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 sale, the chief executive officer now directly 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. 1.96% of the stock is currently owned by corporate insiders.

NuScale Power Trading Down 8.3 %

Shares of SMR stock opened at $19.07 on Friday. NuScale Power Co. has a 1-year low of $2.47 and a 1-year 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. The stock’s fifty day simple moving average is $21.95 and its 200-day simple moving average is $18.01.

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.