Prescott Group Capital Management L.L.C. Purchases New Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Prescott Group Capital Management L.L.C. bought a new position in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 431,500 shares of the construction company's stock, valued at approximately $5,126,000. Prescott Group Capital Management L.L.C. owned 0.53% of Aspen Aerogels at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC grew its position in Aspen Aerogels by 263.3% in the 3rd quarter. Quest Partners LLC now owns 7,397 shares of the construction company's stock worth $205,000 after purchasing an additional 5,361 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Aspen Aerogels during the 3rd quarter valued at $252,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Aspen Aerogels during the 3rd quarter valued at $263,000. Morse Asset Management Inc bought a new stake in shares of Aspen Aerogels during the 3rd quarter valued at $264,000. Finally, Sigma Planning Corp bought a new stake in shares of Aspen Aerogels during the 3rd quarter valued at $274,000. Institutional investors own 97.64% of the company's stock.

Aspen Aerogels Price Performance

ASPN stock traded up $0.11 during mid-day trading on Friday, hitting $7.91. The company had a trading volume of 1,776,389 shares, compared to its average volume of 2,118,359. The company has a market capitalization of $648.76 million, a price-to-earnings ratio of 49.42 and a beta of 2.28. Aspen Aerogels, Inc. has a 12-month low of $6.70 and a 12-month 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 company has a 50-day moving average price of $10.70 and a 200 day moving average price of $16.85.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASPN. B. Riley cut 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 report on Wednesday, February 19th. 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. Craig Hallum lowered 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. Canaccord Genuity Group lowered 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 note on Friday, February 14th. Finally, TD Cowen initiated coverage on shares of Aspen Aerogels in a research note on Friday. They set a "buy" rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.