Royce & Associates LP raised its stake in Aspen Aerogels, Inc. (NYSE:ASPN) by 41.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 585,954 shares of the construction company’s stock after purchasing an additional 172,030 shares during the quarter. Royce & Associates LP owned about 2.85% of Aspen Aerogels worth $2,607,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. raised its position in Aspen Aerogels by 1.1% in the second quarter. Tocqueville Asset Management L.P. now owns 856,055 shares of the construction company’s stock valued at $3,809,000 after purchasing an additional 9,400 shares during the period. Renaissance Technologies LLC increased its position in shares of Aspen Aerogels by 12.5% during the first quarter. Renaissance Technologies LLC now owns 262,500 shares of the construction company’s stock worth $1,089,000 after acquiring an additional 29,200 shares during the last quarter. Spark Investment Management LLC increased its position in shares of Aspen Aerogels by 186.0% during the first quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock worth $126,000 after acquiring an additional 19,900 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Aspen Aerogels by 13.4% during the first quarter. Ameriprise Financial Inc. now owns 1,002,566 shares of the construction company’s stock worth $4,161,000 after acquiring an additional 118,491 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors.
ASPN has been the topic of a number of analyst reports. Citigroup Inc. lifted their target price on Aspen Aerogels from $4.50 to $4.75 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. Zacks Investment Research raised Aspen Aerogels from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine lowered Aspen Aerogels from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Aspen Aerogels presently has a consensus rating of “Hold” and an average price target of $6.38.
Shares of Aspen Aerogels, Inc. (ASPN) opened at 4.20 on Tuesday. The stock’s 50 day moving average price is $4.40 and its 200-day moving average price is $4.27. Aspen Aerogels, Inc. has a 12 month low of $3.61 and a 12 month high of $6.71. The stock’s market capitalization is $86.44 million.
Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.01. Aspen Aerogels had a negative net margin of 22.22% and a negative return on equity of 20.95%. The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $24.79 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities analysts forecast that Aspen Aerogels, Inc. will post ($0.86) earnings per share for the current fiscal year.
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Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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