65,471 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Aspen Aerogels, Inc. (NYSE:ASPN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,471 shares of the construction company’s stock, valued at approximately $778,000. Dynamic Technology Lab Private Ltd owned about 0.08% of Aspen Aerogels at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new stake in Aspen Aerogels during the 3rd quarter valued at $10,126,000. Sanders Morris Harris LLC increased its holdings in Aspen Aerogels by 337.5% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in Aspen Aerogels by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,385,968 shares of the construction company’s stock worth $38,385,000 after buying an additional 75,024 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aspen Aerogels by 153.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,534 shares of the construction company’s stock valued at $11,063,000 after acquiring an additional 241,741 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Aspen Aerogels by 333.8% during the 3rd quarter. Barclays PLC now owns 92,302 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 71,024 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Price Performance

Aspen Aerogels stock opened at $5.45 on Monday. The firm’s fifty day moving average is $8.47 and its 200 day moving average is $13.99. 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 market cap of $447.64 million, a price-to-earnings ratio of 34.08 and a beta of 2.28. Aspen Aerogels, Inc. has a 52-week low of $5.03 and a 52-week high of $33.15.

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

Wall Street Analyst Weigh In

ASPN has been the subject of a number of research reports. B. Riley reduced their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. TD Cowen upgraded Aspen Aerogels to a “strong-buy” rating in a research report on Tuesday, March 11th. Barclays reduced their price target on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Seaport Res Ptn cut Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Craig Hallum cut 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.