Insider Buying: Aspen Aerogels Inc (ASPN) Director Buys $21,604.00 in Stock
Aspen Aerogels Inc (NYSE:ASPN) Director Robert M. Gervis purchased 5,401 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were acquired at an average price of $4.00 per share, with a total value of $21,604.00. Following the purchase, the director now owns 55,886 shares in the company, valued at $223,544. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Aspen Aerogels Inc (NYSE:ASPN) traded down 0.352% during mid-day trading on Tuesday, hitting $3.966. 8,621 shares of the stock traded hands. Aspen Aerogels Inc has a 1-year low of $3.61 and a 1-year high of $6.71. The firm’s market cap is $81.63 million. The stock has a 50-day moving average of $4.08 and a 200 day moving average of $4.54.
Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, February 23rd. The construction company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.08. Aspen Aerogels had a negative net margin of 3.64% and a negative return on equity of 3.82%. The business had revenue of $27.60 million for the quarter, compared to the consensus estimate of $29.08 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was down 26.2% on a year-over-year basis. On average, equities analysts expect that Aspen Aerogels Inc will post ($0.86) EPS for the current year.
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ASPN has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Aspen Aerogels from a “hold” rating to a “sell” rating in a research note on Wednesday, March 1st. Needham & Company LLC reduced their target price on shares of Aspen Aerogels from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Aspen Aerogels presently has an average rating of “Hold” and an average target price of $7.20.
Several institutional investors have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. increased its stake in Aspen Aerogels by 6.0% in the third quarter. Tocqueville Asset Management L.P. now owns 696,680 shares of the construction company’s stock valued at $4,152,000 after buying an additional 39,600 shares during the last quarter. Telemark Asset Management LLC bought a new stake in Aspen Aerogels during the fourth quarter valued at $2,525,000. Royce & Associates LP increased its stake in Aspen Aerogels by 49.7% in the fourth quarter. Royce & Associates LP now owns 296,527 shares of the construction company’s stock valued at $1,225,000 after buying an additional 98,459 shares during the last quarter. Wells Fargo & Company MN increased its stake in Aspen Aerogels by 10.4% in the third quarter. Wells Fargo & Company MN now owns 154,500 shares of the construction company’s stock valued at $921,000 after buying an additional 14,500 shares during the last quarter. Finally, Perritt Capital Management Inc. bought a new stake in Aspen Aerogels during the fourth quarter valued at $521,000. Institutional investors and hedge funds own 74.48% of the company’s stock.
Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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