Gallo Partners LP Makes New Investment in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Gallo Partners LP bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,390 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the third quarter valued at approximately $25,000. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy during the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. IFP Advisors Inc lifted its stake in shares of Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after acquiring an additional 1,277 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter worth $66,000.

Nano Nuclear Energy Stock Performance

NASDAQ NNE opened at $23.27 on Wednesday. The stock has a market cap of $862.69 million and a PE ratio of -56.76. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $48.05. The firm has a 50-day moving average of $25.79 and a 200-day moving average of $26.45.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

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.