Patriot Financial Group Insurance Agency LLC Acquires Shares of 9,125 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Patriot Financial Group Insurance Agency LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,125 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in Nano Nuclear Energy during the 4th quarter valued at approximately $2,564,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy during the 3rd quarter worth $954,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy during the third quarter valued at $933,000. Finally, State Street Corp bought a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $718,000.

Analysts Set New Price Targets

Several analysts have weighed in on NNE shares. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday. Benchmark lifted their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 5.0 %

Shares of NNE opened at $36.54 on Thursday. The business’s 50-day moving average is $27.36 and its 200-day moving average is $19.43. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Nano Nuclear Energy 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.