Olympiad Research LP Invests $285,000 in Aspen Aerogels, Inc. (NYSE:ASPN)

Olympiad Research LP purchased a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,007 shares of the construction company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings 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 buying an additional 773,647 shares during the period. Loomis Sayles & Co. L P raised its holdings in Aspen Aerogels by 22.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,619,320 shares of the construction company’s stock valued at $44,839,000 after buying an additional 300,076 shares during the period. State Street Corp raised its holdings in Aspen Aerogels by 0.6% during the 3rd quarter. State Street Corp now owns 1,410,543 shares of the construction company’s stock valued at $39,058,000 after buying an additional 8,344 shares during the period. Geode Capital Management LLC raised its holdings in Aspen Aerogels by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after buying an additional 75,024 shares during the period. Finally, Rice Hall James & Associates LLC raised its holdings in Aspen Aerogels by 3.6% during the 4th quarter. Rice Hall James & Associates LLC now owns 554,202 shares of the construction company’s stock valued at $6,584,000 after buying an additional 19,089 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Seaport Res Ptn lowered Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group reduced their target price on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays reduced their target price on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday. Craig Hallum reduced their target price on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, StockNews.com upgraded Aspen Aerogels to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.44.

Aspen Aerogels Price Performance

ASPN opened at $8.04 on Friday. Aspen Aerogels, Inc. has a 12-month low of $7.96 and a 12-month 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’s fifty day simple moving average is $11.65 and its 200-day simple moving average is $18.07. The company has a market capitalization of $659.27 million, a price-to-earnings ratio of 50.22 and a beta of 2.14.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (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, equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

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.