Catalina Capital Group LLC Makes New Investment in NuScale Power Co. (NYSE:SMR)

Catalina Capital Group LLC bought a new stake in shares of NuScale Power Co. (NYSE:SMR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,829 shares of the company’s stock, valued at approximately $138,000.

A number of other hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. bought a new position in NuScale Power during the 1st quarter valued at $58,000. SG Americas Securities LLC grew its stake in NuScale Power by 268.3% in the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock worth $286,000 after purchasing an additional 39,171 shares in the last quarter. Quadrature Capital Ltd bought a new stake in NuScale Power in the fourth quarter valued at about $417,000. Rheos Capital Works Inc. acquired a new stake in NuScale Power during the first quarter valued at approximately $1,328,000. Finally, Brookstone Capital Management bought a new position in NuScale Power during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

NuScale Power Price Performance

Shares of NuScale Power stock traded up $0.64 on Friday, hitting $8.67. The company had a trading volume of 2,772,213 shares, compared to its average volume of 4,971,776. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $16.91. The company has a market cap of $2.11 billion, a PE ratio of -10.20 and a beta of 1.25. The business has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $7.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The firm had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same quarter last year, the business posted ($0.13) earnings per share. Research analysts expect that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now owns 30,323 shares in the company, valued at $266,539.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert K. Temple sold 50,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now owns 19,054 shares of the company’s stock, valued at approximately $190,540. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, B. Riley boosted their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.15.

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.