Private Wealth Partners LLC Buys 25,100 Shares of Nano Nuclear Energy Inc. $NNE

Private Wealth Partners LLC boosted its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 191.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,200 shares of the company’s stock after acquiring an additional 25,100 shares during the quarter. Private Wealth Partners LLC owned 0.07% of Nano Nuclear Energy worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in shares of Nano Nuclear Energy by 275.7% in the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 863 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after purchasing an additional 835 shares in the last quarter. US Bancorp DE lifted its holdings in Nano Nuclear Energy by 51.9% during the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Nano Nuclear Energy during the 3rd quarter valued at about $48,000. Finally, NewEdge Advisors LLC boosted its position in Nano Nuclear Energy by 385.8% in the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after buying an additional 1,520 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NNE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Roth Mkm assumed coverage on Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price on the stock. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 24th. Finally, Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

Insiders Place Their Bets

In other news, Chairman Jiang Yu sold 700,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman owned 8,224,000 shares in the company, valued at $219,416,320. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.92, for a total value of $93,450.00. Following the transaction, the director directly owned 7,586 shares in the company, valued at $189,043.12. This trade represents a 33.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,616,981 shares of company stock valued at $43,096,346 over the last quarter. Company insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE opened at $20.03 on Friday. Nano Nuclear Energy Inc. has a 12-month low of $18.93 and a 12-month high of $60.87. The firm’s 50-day simple moving average is $25.03 and its 200 day simple moving average is $26.24. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -29.03 and a beta of 5.27.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. On average, equities analysts expect that Nano Nuclear Energy Inc. will post -0.95 earnings per share for the current year.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.