Aigen Investment Management LP Purchases Shares of 18,445 Aspen Aerogels, Inc. (NYSE:ASPN)

Aigen Investment Management LP acquired a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 18,445 shares of the construction company’s stock, valued at approximately $219,000.

Several other hedge funds also recently made changes to their positions in the business. Abbot Financial Management Inc. lifted its stake in Aspen Aerogels by 3.9% during the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company’s stock valued at $359,000 after purchasing an additional 1,146 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Aspen Aerogels by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 549,709 shares of the construction company’s stock valued at $6,531,000 after buying an additional 40,279 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Aspen Aerogels by 77.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 181,528 shares of the construction company’s stock valued at $2,157,000 after acquiring an additional 78,993 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Aspen Aerogels by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 189,884 shares of the construction company’s stock worth $2,256,000 after acquiring an additional 16,094 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Aspen Aerogels by 6,923.4% in the 4th quarter. IFP Advisors Inc now owns 20,719 shares of the construction company’s stock worth $246,000 after acquiring an additional 20,424 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Aspen Aerogels Price Performance

Shares of NYSE:ASPN opened at $7.91 on Monday. The firm has a market cap of $648.76 million, a price-to-earnings ratio of 49.42 and a beta of 2.28. Aspen Aerogels, Inc. has a 1 year low of $6.70 and a 1 year high of $33.15. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $16.75.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. As a group, sell-side analysts predict that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. TD Cowen initiated coverage on shares of Aspen Aerogels in a research note on Friday. They set a “buy” rating and a $11.00 price objective for the company. Canaccord Genuity Group dropped their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a research report on Wednesday, February 19th. Finally, Barclays lowered their price objective on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.11.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.