Wedge Capital Management L L P NC bought a new stake in shares of Aspen Aerogels Inc (NYSE:ASPN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 103,145 shares of the construction company’s stock, valued at approximately $735,000. Wedge Capital Management L L P NC owned approximately 0.43% of Aspen Aerogels as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASPN. Royce & Associates LP raised its holdings in Aspen Aerogels by 2.4% during the first quarter. Royce & Associates LP now owns 870,475 shares of the construction company’s stock valued at $2,220,000 after acquiring an additional 20,000 shares during the period. Cowen Prime Services LLC increased its holdings in shares of Aspen Aerogels by 17.2% in the first quarter. Cowen Prime Services LLC now owns 740,900 shares of the construction company’s stock worth $1,889,000 after purchasing an additional 108,800 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Aspen Aerogels by 7.2% in the fourth quarter. BlackRock Inc. now owns 414,302 shares of the construction company’s stock worth $883,000 after purchasing an additional 27,783 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Aspen Aerogels by 30.5% in the fourth quarter. Deutsche Bank AG now owns 66,400 shares of the construction company’s stock worth $141,000 after purchasing an additional 15,500 shares during the last quarter. Institutional investors own 66.78% of the company’s stock.
Shares of NYSE ASPN opened at $6.40 on Friday. The business’s 50 day moving average is $6.62 and its two-hundred day moving average is $4.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.60 and a quick ratio of 1.08. Aspen Aerogels Inc has a 1-year low of $1.60 and a 1-year high of $7.50.
Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.06). Aspen Aerogels had a negative return on equity of 37.52% and a negative net margin of 27.30%. The company had revenue of $29.53 million for the quarter, compared to the consensus estimate of $30.92 million. On average, research analysts predict that Aspen Aerogels Inc will post -0.54 EPS for the current year.
Several brokerages have recently issued reports on ASPN. ValuEngine raised Aspen Aerogels from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. HC Wainwright reissued a “buy” rating and set a $10.00 price objective on shares of Aspen Aerogels in a research note on Friday, August 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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