Walleye Capital LLC Raises Stock Position in Nano Nuclear Energy Inc. $NNE

Walleye Capital LLC boosted its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 883.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,210 shares of the company’s stock after purchasing an additional 43,310 shares during the period. Walleye Capital LLC owned about 0.09% of Nano Nuclear Energy worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Nano Nuclear Energy by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after acquiring an additional 486,367 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Nano Nuclear Energy by 441.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock worth $2,854,000 after purchasing an additional 60,336 shares during the period. UBS Group AG grew its stake in shares of Nano Nuclear Energy by 135.7% during the 4th quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock worth $27,805,000 after purchasing an additional 666,722 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Nano Nuclear Energy by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 346,123 shares of the company’s stock valued at $8,310,000 after purchasing an additional 47,960 shares in the last quarter. Finally, Private Wealth Partners LLC increased its holdings in shares of Nano Nuclear Energy by 191.6% during the 1st quarter. Private Wealth Partners LLC now owns 38,200 shares of the company’s stock valued at $782,000 after purchasing an additional 25,100 shares in the last quarter.

Insider Transactions at Nano Nuclear Energy

In related news, Director Seth Jason Berl sold 3,750 shares of Nano Nuclear Energy stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.92, for a total value of $93,450.00. Following the sale, the director directly owned 7,586 shares in the company, valued at approximately $189,043.12. The trade was a 33.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 8,224,000 shares of the company’s stock, valued at $219,416,320. The trade was a 7.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,616,981 shares of company stock worth $43,096,346 in the last three months. 32.77% of the stock is owned by corporate insiders.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $15.59 on Friday. The stock has a market capitalization of $811.93 million, a PE ratio of -22.59 and a beta of 5.27. Nano Nuclear Energy Inc. has a fifty-two week low of $15.44 and a fifty-two week high of $60.87. The company has a fifty day moving average of $22.63 and a two-hundred day moving average of $25.04.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.08. Research analysts forecast that Nano Nuclear Energy Inc. will post -0.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NNE. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Roth Capital assumed coverage on shares of Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price objective for the company. Truist Financial started coverage on shares of Nano Nuclear Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $22.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. Finally, Wall Street Zen cut Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.