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

Prescott Group Capital Management L.L.C. purchased a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASPN. Lord Abbett & CO. LLC bought a new stake in shares of Aspen Aerogels in the 3rd quarter worth about $10,126,000. Oppenheimer & Co. Inc. boosted its position in Aspen Aerogels by 167.2% in the third quarter. Oppenheimer & Co. Inc. now owns 102,535 shares of the construction company’s stock valued at $2,839,000 after buying an additional 64,154 shares in the last quarter. Sanders Morris Harris LLC grew its stake in Aspen Aerogels by 337.5% during the fourth quarter. Sanders Morris Harris LLC now owns 35,000 shares of the construction company’s stock worth $436,000 after buying an additional 27,000 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Aspen Aerogels during the third quarter worth approximately $1,342,000. Finally, Geode Capital Management LLC raised its stake in shares of Aspen Aerogels by 5.7% in the third quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock valued at $38,385,000 after acquiring an additional 75,024 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Stock Down 0.8 %

Shares of NYSE ASPN opened at $7.78 on Friday. Aspen Aerogels, Inc. has a 1 year low of $6.70 and a 1 year high of $33.15. The firm’s 50-day moving average is $10.79 and its 200-day moving average is $17.11. 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 firm has a market capitalization of $637.92 million, a PE ratio of 48.60 and a beta of 2.14.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) 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%. Equities analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

ASPN has been the topic of a number of research analyst reports. Roth Mkm decreased their price target on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. B. Riley lowered their target price on 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 cut their price target on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, February 14th. Seaport Res Ptn lowered shares of Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Barclays dropped 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. 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 stock. Based on data from MarketBeat.com, Aspen Aerogels presently has an average rating of “Moderate Buy” and an average price target of $22.44.

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.