Nano Nuclear Energy Inc. $NNE Position Reduced by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its position in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 91.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,842 shares of the company’s stock after selling 30,813 shares during the period. Rockefeller Capital Management L.P.’s holdings in Nano Nuclear Energy were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NNE. Harbour Investments Inc. raised its stake in shares of Nano Nuclear Energy by 275.7% in the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $28,000 after buying an additional 863 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nano Nuclear Energy by 165.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after buying an additional 835 shares during the period. US Bancorp DE boosted its stake in Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after buying an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Nano Nuclear Energy during the third quarter valued at about $48,000. Finally, NewEdge Advisors LLC boosted its stake in Nano Nuclear Energy by 385.8% during the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after buying an additional 1,520 shares in the last quarter.

Nano Nuclear Energy Stock Down 2.2%

Shares of Nano Nuclear Energy stock traded down $0.43 during midday trading on Friday, hitting $18.86. The company’s stock had a trading volume of 1,388,296 shares, compared to its average volume of 2,610,816. Nano Nuclear Energy Inc. has a 1-year low of $18.04 and a 1-year high of $60.87. The firm has a market capitalization of $982.29 million, a P/E ratio of -27.33 and a beta of 5.27. The stock has a 50-day simple moving average of $24.52 and a 200-day simple moving average of $25.81.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results 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. As a group, sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the insider directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the completion of the transaction, the director owned 7,586 shares in the company, valued at approximately $189,043.12. This represents a 33.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,616,981 shares of company stock valued at $43,096,346 over the last ninety days. Insiders own 32.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NNE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 24th. Roth Capital began coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a “buy” rating and a $45.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.50.

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.