Caprock Group LLC Purchases New Position in Nano Nuclear Energy Inc. $NNE

Caprock Group LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,944 shares of the company’s stock, valued at approximately $1,347,000. Caprock Group LLC owned 0.07% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Nano Nuclear Energy by 185.2% during the 1st quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after purchasing an additional 13,730 shares in the last quarter. AQR Capital Management LLC bought a new stake in Nano Nuclear Energy during the 1st quarter worth approximately $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nano Nuclear Energy by 535.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock valued at $385,000 after buying an additional 12,256 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Nano Nuclear Energy by 385.8% in the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after purchasing an additional 1,520 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Nano Nuclear Energy by 173.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company’s stock worth $435,000 after buying an additional 8,000 shares in the last quarter.

Insider Activity at Nano Nuclear Energy

In related news, CEO James John Walker sold 195,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $34.04, for a total transaction of $6,637,800.00. Following the transaction, the chief executive officer owned 250,000 shares in the company, valued at $8,510,000. The trade was a 43.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder I Financial Ventures Group Llc sold 121,339 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $31.78, for a total transaction of $3,856,153.42. Following the completion of the sale, the insider owned 8,724,000 shares of the company’s stock, valued at $277,248,720. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,982,000 shares of company stock worth $125,625,797. Corporate insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock opened at $24.79 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of -23.84 and a beta of 7.48. The business has a 50 day moving average of $31.19 and a 200-day moving average of $35.62. Nano Nuclear Energy Inc. has a 1 year low of $17.26 and a 1 year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, December 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.14. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Analyst Upgrades and Downgrades

NNE has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. Finally, Texas Capital upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have issued 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 $47.00.

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.