Private Wealth Partners LLC Has $782,000 Stake in Nano Nuclear Energy Inc. $NNE

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its holdings in Nano Nuclear Energy by 9.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,369 shares of the company’s stock worth $105,000 after acquiring an additional 381 shares during the period. US Bancorp DE raised its position in shares of 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 acquiring an additional 400 shares during the last quarter. Swiss National Bank lifted its stake in shares of Nano Nuclear Energy by 1.2% in the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $2,325,000 after purchasing an additional 700 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Nano Nuclear Energy by 165.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after purchasing an additional 835 shares during the period. Finally, Harbour Investments Inc. boosted its position 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 worth $28,000 after purchasing an additional 863 shares during the last quarter.

Nano Nuclear Energy Price Performance

NNE opened at $20.03 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of -29.03 and a beta of 5.27. Nano Nuclear Energy Inc. has a 12 month low of $18.93 and a 12 month high of $60.87. The company has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $26.24.

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

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 shares were sold at an average price of $26.68, for a total value of $18,676,000.00. Following the sale, the chairman owned 8,224,000 shares of the company’s stock, valued at $219,416,320. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder I Financial Ventures Group Llc 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 insider directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,616,981 shares of company stock worth $43,096,346 in the last 90 days. Company insiders own 32.77% of the company’s stock.

Wall Street Analyst Weigh In

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

About Nano Nuclear Energy

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.