Bryce Point Capital LLC Takes $1.43 Million Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Bryce Point Capital LLC bought a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 120,173 shares of the construction company's stock, valued at approximately $1,428,000. Bryce Point Capital LLC owned approximately 0.15% of Aspen Aerogels at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in shares of Aspen Aerogels in the fourth quarter worth about $4,760,000. Geode Capital Management LLC increased its position in Aspen Aerogels by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 1,464,163 shares of the construction company's stock worth $17,398,000 after purchasing an additional 78,195 shares during the last quarter. Cannell & Spears LLC raised its stake in Aspen Aerogels by 529.3% during the fourth quarter. Cannell & Spears LLC now owns 62,930 shares of the construction company's stock valued at $748,000 after purchasing an additional 52,930 shares in the last quarter. DnB Asset Management AS bought a new position in Aspen Aerogels during the fourth quarter valued at $275,000. Finally, JPMorgan Chase & Co. lifted its position in Aspen Aerogels by 311.0% during the fourth quarter. JPMorgan Chase & Co. now owns 105,591 shares of the construction company's stock valued at $1,254,000 after purchasing an additional 79,901 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ASPN shares. Roth Mkm dropped their target price on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a report on Friday, February 14th. B. Riley dropped their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Craig Hallum reduced their target price on shares of Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Seaport Res Ptn cut shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Aspen Aerogels to a "sell" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.11.

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Aspen Aerogels Stock Down 5.5 %

Shares of NYSE ASPN traded down $0.30 during mid-day trading on Monday, reaching $5.17. 1,235,453 shares of the company were exchanged, compared to its average volume of 1,916,333. The firm has a 50-day moving average of $8.47 and a 200 day moving average of $13.99. Aspen Aerogels, Inc. has a 1 year low of $5.00 and a 1 year high of $33.15. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The stock has a market cap of $424.24 million, a price-to-earnings ratio of 32.30 and a beta of 2.35.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, research analysts expect that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Aspen Aerogels Company Profile

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.