Palogic Value Management L.P. Invests $1.54 Million in Aspen Aerogels, Inc. (NYSE:ASPN)

Palogic Value Management L.P. purchased a new position in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 130,000 shares of the construction company's stock, valued at approximately $1,544,000. Palogic Value Management L.P. owned 0.16% of Aspen Aerogels at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in Aspen Aerogels by 23.6% during the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company's stock valued at $112,169,000 after purchasing an additional 773,647 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Aspen Aerogels during the fourth quarter valued at $5,126,000. Telemark Asset Management LLC grew its stake in shares of Aspen Aerogels by 26.8% during the 4th quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company's stock worth $22,482,000 after purchasing an additional 400,000 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Aspen Aerogels in the 3rd quarter valued at about $10,126,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Aspen Aerogels by 204.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,430 shares of the construction company's stock valued at $14,106,000 after acquiring an additional 342,253 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

Aspen Aerogels Stock Performance

NYSE ASPN traded up $0.10 during trading hours on Tuesday, hitting $7.17. The company had a trading volume of 1,779,950 shares, compared to its average volume of 1,798,313. The company has a market cap of $588.69 million, a PE ratio of 44.82 and a beta of 2.28. Aspen Aerogels, Inc. has a 1-year low of $6.60 and a 1-year high of $33.15. The business has a 50 day moving average of $9.50 and a 200-day moving average of $15.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93.

Remove Ads

Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on ASPN shares. B. Riley reduced their target price on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Seaport Res Ptn downgraded shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their price target on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, February 14th. Barclays lowered their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Finally, TD Cowen upgraded Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.11.

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.