Cookson Peirce & Co. Inc. Invests $800,000 in NuScale Power Co. (NYSE:SMR)

Cookson Peirce & Co. Inc. acquired a new position in NuScale Power Co. (NYSE:SMR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 44,619 shares of the company’s stock, valued at approximately $800,000.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp grew its holdings in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power in the third quarter worth $44,000. Amalgamated Bank grew its holdings in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares during the period. Finally, US Bancorp DE bought a new stake in shares of NuScale Power in the third quarter worth $54,000. Institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

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 stock was sold at an average price of $18.04, for a total transaction 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 approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.96% of the stock is currently owned by corporate insiders.

NuScale Power Stock Performance

Shares of SMR opened at $17.37 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. NuScale Power Co. has a one year low of $3.79 and a one year high of $32.30. The firm has a market capitalization of $4.43 billion, a P/E ratio of -18.28 and a beta of 1.51. The business has a fifty day moving average of $21.45 and a 200 day moving average of $18.53.

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.