Franklin Resources Inc. Takes $1.04 Million Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Franklin Resources Inc. purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,610 shares of the company's stock, valued at approximately $1,036,000. Franklin Resources Inc. owned about 0.11% of Nano Nuclear Energy at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Citizens Financial Group Inc. RI boosted its position in Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after acquiring an additional 171,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nano Nuclear Energy by 2,838.5% during the fourth quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after purchasing an additional 662,287 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $11,311,000. Perigon Wealth Management LLC acquired a new position in Nano Nuclear Energy in the fourth quarter valued at $2,564,000. Finally, LPL Financial LLC purchased a new position in Nano Nuclear Energy during the fourth quarter worth about $2,596,000.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Trading Down 3.2 %

NASDAQ:NNE traded down $0.66 on Friday, hitting $19.86. 1,311,370 shares of the stock were exchanged, compared to its average volume of 3,651,800. The stock has a market cap of $736.27 million and a PE ratio of -48.44. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The stock has a fifty day moving average of $27.30 and a 200-day moving average of $26.26.

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

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.