Gallo Partners LP acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,390 shares of the company's stock, valued at approximately $433,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NNE. Vanguard Group Inc. boosted its holdings in Nano Nuclear Energy by 2,838.5% during the fourth quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after buying an additional 662,287 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $11,311,000. Citizens Financial Group Inc. RI grew its holdings in shares of Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after acquiring an additional 171,000 shares during the period. Perigon Wealth Management LLC purchased a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $2,564,000. Finally, LPL Financial LLC purchased a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $2,596,000.
Nano Nuclear Energy Price Performance
NNE traded up $0.73 during midday trading on Friday, reaching $24.19. 1,602,440 shares of the company's stock were exchanged, compared to its average volume of 3,561,965. Nano Nuclear Energy Inc. has a 1-year low of $3.25 and a 1-year high of $48.05. The stock has a market capitalization of $896.80 million and a PE ratio of -59.00. The business's 50-day moving average price is $25.58 and its 200 day moving average price is $26.52.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Check Out Our Latest Research Report on Nano Nuclear Energy
About Nano Nuclear Energy
(
Free Report)
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.
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