Alambic Investment Management L.P. grew its position in shares of Aspen Aerogels Inc (NYSE:ASPN) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,233 shares of the construction company’s stock after buying an additional 2,673 shares during the quarter. Alambic Investment Management L.P.’s holdings in Aspen Aerogels were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in ASPN. Acadian Asset Management LLC purchased a new stake in Aspen Aerogels in the 4th quarter worth $36,000. Goldman Sachs Group Inc. bought a new stake in shares of Aspen Aerogels in the 4th quarter valued at approximately $99,000. Wedge Capital Management L L P NC boosted its stake in Aspen Aerogels by 19.8% during the first quarter. Wedge Capital Management L L P NC now owns 15,299 shares of the construction company’s stock worth $94,000 after buying an additional 2,524 shares during the period. Ieq Capital LLC bought a new position in Aspen Aerogels during the 4th quarter valued at about $120,000. Finally, Credit Suisse AG purchased a new stake in shares of Aspen Aerogels in the fourth quarter worth approximately $203,000. 62.58% of the stock is currently owned by institutional investors and hedge funds.
NYSE ASPN traded down $0.10 during trading hours on Friday, hitting $5.86. 131,579 shares of the company’s stock traded hands, compared to its average volume of 100,736. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.06. Aspen Aerogels Inc has a 52-week low of $4.09 and a 52-week high of $10.71. The firm’s 50-day moving average is $6.16 and its 200-day moving average is $7.46.
Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.09. Aspen Aerogels had a negative return on equity of 18.86% and a negative net margin of 8.39%. The business had revenue of $28.42 million for the quarter, compared to analysts’ expectations of $28.58 million. As a group, sell-side analysts predict that Aspen Aerogels Inc will post -0.51 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Aspen Aerogels in a research note on Wednesday, January 29th. ValuEngine upgraded shares of Aspen Aerogels from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Zacks Investment Research cut Aspen Aerogels from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Craig Hallum upped their price target on shares of Aspen Aerogels from $9.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $12.00 target price (up previously from $8.00) on shares of Aspen Aerogels in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Aspen Aerogels currently has a consensus rating of “Buy” and a consensus price target of $10.38.
About Aspen Aerogels
Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.
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