Van ECK Associates Corp Has $100.19 Million Stock Holdings in Nano Nuclear Energy Inc. $NNE

Van ECK Associates Corp raised its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 65.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,598,280 shares of the company’s stock after purchasing an additional 1,030,262 shares during the period. Van ECK Associates Corp owned 0.05% of Nano Nuclear Energy worth $100,190,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. US Bancorp DE increased its stake in shares of Nano Nuclear Energy by 51.9% during the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. Rothschild Investment LLC grew its holdings in Nano Nuclear Energy by 9.3% in the 2nd quarter. Rothschild Investment LLC now owns 6,655 shares of the company’s stock valued at $230,000 after buying an additional 565 shares during the last quarter. CWM LLC increased its position in Nano Nuclear Energy by 17.7% during the third quarter. CWM LLC now owns 3,837 shares of the company’s stock worth $148,000 after acquiring an additional 576 shares during the period. Swiss National Bank raised its position in shares of Nano Nuclear Energy by 1.2% during the third quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $2,325,000 after buying an additional 700 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Nano Nuclear Energy by 8.6% in the 3rd quarter. Arizona State Retirement System now owns 9,179 shares of the company’s stock worth $354,000 after acquiring an additional 727 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Texas Capital raised Nano Nuclear Energy to a “strong-buy” rating in a report on Tuesday, January 27th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nano Nuclear Energy presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Nano Nuclear Energy Trading Up 0.9%

Shares of NNE opened at $23.90 on Wednesday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -22.13 and a beta of 7.59. The firm has a fifty day simple moving average of $28.96 and a 200 day simple moving average of $34.56. Nano Nuclear Energy Inc. has a 12 month low of $17.26 and a 12 month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.19. As a group, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Insider Transactions at Nano Nuclear Energy

In related news, CEO James John Walker sold 195,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 250,000 shares in the company, valued at $8,510,000. This represents a 43.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jiang Yu sold 766,661 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $34.14, for a total value of $26,173,806.54. Following the completion of the transaction, the chairman directly owned 8,724,000 shares of the company’s stock, valued at approximately $297,837,360. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,985,664 shares of company stock valued at $125,727,253. 32.77% of the stock is currently owned by company insiders.

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.