Portland Investment Counsel Inc. Invests $6.49 Million in Oklo Inc. (NYSE:OKLO)

Portland Investment Counsel Inc. bought a new stake in Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 802,580 shares of the company’s stock, valued at approximately $6,493,000. Oklo accounts for about 2.3% of Portland Investment Counsel Inc.’s portfolio, making the stock its 13th biggest holding. Portland Investment Counsel Inc. owned 0.66% of Oklo at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter valued at about $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Oklo in the 3rd quarter worth approximately $135,000. Finally, DRW Securities LLC bought a new position in shares of Oklo in the third quarter valued at approximately $404,000. Institutional investors own 85.03% of the company’s stock.

Oklo Stock Up 7.2 %

Shares of Oklo stock opened at $23.53 on Friday. Oklo Inc. has a 12-month low of $5.35 and a 12-month high of $28.12. The stock’s fifty day moving average is $17.54 and its 200-day moving average is $11.39.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OKLO shares. Citigroup decreased their price target on Oklo from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Finally, B. Riley began coverage on shares of Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 target price for the company.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.