Telemark Asset Management LLC Boosts Stake in Aspen Aerogels, Inc. (NYSE:ASPN)

Telemark Asset Management LLC grew its stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,892,424 shares of the construction company's stock after buying an additional 400,000 shares during the period. Aspen Aerogels accounts for about 2.2% of Telemark Asset Management LLC's holdings, making the stock its 13th biggest holding. Telemark Asset Management LLC owned 2.31% of Aspen Aerogels worth $22,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ASPN. Swiss National Bank grew its stake in Aspen Aerogels by 1.9% during the fourth quarter. Swiss National Bank now owns 128,800 shares of the construction company's stock worth $1,530,000 after purchasing an additional 2,400 shares during the period. Essex Investment Management Co. LLC grew its stake in Aspen Aerogels by 15.1% during the fourth quarter. Essex Investment Management Co. LLC now owns 248,243 shares of the construction company's stock worth $2,949,000 after purchasing an additional 32,476 shares during the period. AlphaQuest LLC grew its stake in Aspen Aerogels by 54.0% during the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after purchasing an additional 3,998 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Aspen Aerogels during the fourth quarter worth approximately $5,126,000. Finally, Raymond James Financial Inc. acquired a new stake in Aspen Aerogels during the fourth quarter worth approximately $2,909,000. Institutional investors and hedge funds own 97.64% of the company's stock.

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Aspen Aerogels Stock Performance

Aspen Aerogels stock traded up $0.45 during mid-day trading on Friday, reaching $7.38. 1,179,527 shares of the company's stock were exchanged, compared to its average volume of 1,789,126. The business's fifty day simple moving average is $10.22 and its 200 day simple moving average is $16.06. The firm has a market capitalization of $605.92 million, a PE ratio of 46.15 and a beta of 2.28. Aspen Aerogels, Inc. has a one year low of $6.70 and a one 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.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Craig Hallum reduced their price objective on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Seaport Res Ptn cut Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. StockNews.com raised Aspen Aerogels to a "sell" rating in a research note on Wednesday, February 19th. Canaccord Genuity Group reduced their price objective on Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Barclays dropped their target price on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.11.

Aspen Aerogels 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.