SG Americas Securities LLC Purchases 27,459 Shares of Nano Nuclear Energy Inc. $NNE

SG Americas Securities LLC boosted its position in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 66.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,892 shares of the company’s stock after buying an additional 27,459 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of Nano Nuclear Energy worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NNE. Caitong International Asset Management Co. Ltd grew its position in Nano Nuclear Energy by 635.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,194 shares of the company’s stock valued at $221,000 after acquiring an additional 7,944 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $1,885,000. Invesco Ltd. lifted its holdings in shares of Nano Nuclear Energy by 52.9% in the 4th quarter. Invesco Ltd. now owns 27,602 shares of the company’s stock worth $663,000 after acquiring an additional 9,547 shares during the last quarter. Regal Partners Ltd purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $23,535,000. Finally, Millennium Management LLC boosted its stake in shares of Nano Nuclear Energy by 810.0% in the 4th quarter. Millennium Management LLC now owns 205,607 shares of the company’s stock valued at $4,937,000 after purchasing an additional 183,013 shares in the last quarter.

Nano Nuclear Energy Price Performance

Shares of Nano Nuclear Energy stock opened at $20.03 on Friday. The business’s 50 day simple moving average is $25.03 and its two-hundred day simple moving average is $26.24. The stock has a market capitalization of $1.04 billion, a P/E ratio of -29.03 and a beta of 5.27. Nano Nuclear Energy Inc. has a one year low of $18.93 and a one year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Nano Nuclear Energy news, CFO Jaisun Garcha sold 37,215 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the sale, the chief financial officer owned 345,000 shares of the company’s stock, valued at $9,135,600. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Jiang Yu sold 700,000 shares of the firm’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 chairman directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This trade 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 sold 1,616,981 shares of company stock valued at $43,096,346 over the last quarter. Company insiders own 32.77% of the company’s stock.

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.