Gagnon Securities LLC acquired a new position in shares of Aspen Aerogels (NYSE:ASPN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,718 shares of the construction company’s stock, valued at approximately $170,000. Gagnon Securities LLC owned 0.17% of Aspen Aerogels at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Deutsche Bank AG boosted its position in Aspen Aerogels by 154.3% during the 4th quarter. Deutsche Bank AG now owns 27,078 shares of the construction company’s stock worth $132,000 after acquiring an additional 16,430 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Aspen Aerogels during the 1st quarter valued at about $100,000. Millennium Management LLC acquired a new stake in shares of Aspen Aerogels during the 4th quarter valued at about $151,000. Renaissance Technologies LLC lifted its holdings in shares of Aspen Aerogels by 9.8% during the 4th quarter. Renaissance Technologies LLC now owns 355,000 shares of the construction company’s stock valued at $1,732,000 after buying an additional 31,800 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Aspen Aerogels by 6.2% during the 4th quarter. Royce & Associates LP now owns 701,408 shares of the construction company’s stock valued at $3,423,000 after buying an additional 40,662 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.
ASPN opened at $4.95 on Wednesday. Aspen Aerogels has a twelve month low of $3.99 and a twelve month high of $5.58. The company has a market capitalization of $119.17 million, a P/E ratio of -5.96 and a beta of 1.13.
Aspen Aerogels (NYSE:ASPN) last posted its earnings results on Thursday, May 3rd. The construction company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.01). Aspen Aerogels had a negative return on equity of 17.06% and a negative net margin of 15.30%. The company had revenue of $23.07 million during the quarter. analysts predict that Aspen Aerogels will post -0.81 earnings per share for the current year.
Separately, ValuEngine upgraded Aspen Aerogels from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.
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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