Patriot Financial Group Insurance Agency LLC Has $385,000 Position in Nano Nuclear Energy Inc. $NNE

Patriot Financial Group Insurance Agency LLC lowered its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 15.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,150 shares of the company’s stock after selling 2,000 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Nano Nuclear Energy were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NNE. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $271,000. Rhumbline Advisers boosted its stake in shares of Nano Nuclear Energy by 376.9% during the 1st quarter. Rhumbline Advisers now owns 29,628 shares of the company’s stock valued at $784,000 after buying an additional 23,416 shares during the period. SG Americas Securities LLC boosted its stake in shares of Nano Nuclear Energy by 113.8% during the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company’s stock valued at $783,000 after buying an additional 15,747 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Nano Nuclear Energy during the 1st quarter valued at $233,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Nano Nuclear Energy by 43.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 60,103 shares of the company’s stock valued at $1,590,000 after buying an additional 18,188 shares during the period.

Nano Nuclear Energy Price Performance

Shares of NNE opened at $44.49 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of -47.84 and a beta of 6.80. Nano Nuclear Energy Inc. has a one year low of $15.16 and a one year high of $48.05. The company’s fifty day moving average price is $35.80 and its 200 day moving average price is $31.59.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. Analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NNE shares. Northland Capmk raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Saturday, September 27th. Northland Securities assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They set an “outperform” rating and a $40.00 price target on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They set a “buy” rating and a $51.00 price target on the stock. Finally, HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and an average price target of $51.75.

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.