Granite Investment Partners LLC cut its stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 189,204 shares of the construction company’s stock after selling 9,131 shares during the period. Granite Investment Partners LLC’s holdings in Aspen Aerogels were worth $842,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ASPN. Royce & Associates LP increased its stake in shares of Aspen Aerogels by 39.6% in the first quarter. Royce & Associates LP now owns 413,924 shares of the construction company’s stock valued at $1,718,000 after buying an additional 117,397 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Aspen Aerogels by 8.2% in the first quarter. Heartland Advisors Inc. now owns 920,000 shares of the construction company’s stock valued at $3,818,000 after buying an additional 70,000 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Aspen Aerogels by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 1,002,566 shares of the construction company’s stock valued at $4,161,000 after buying an additional 118,491 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Aspen Aerogels by 1.2% in the first quarter. Tocqueville Asset Management L.P. now owns 846,655 shares of the construction company’s stock valued at $3,514,000 after buying an additional 10,000 shares in the last quarter. Finally, Spark Investment Management LLC increased its stake in shares of Aspen Aerogels by 186.0% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock valued at $126,000 after buying an additional 19,900 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) opened at 4.75 on Monday. The firm’s market capitalization is $97.76 million. The company’s 50 day moving average price is $4.53 and its 200 day moving average price is $4.30. Aspen Aerogels, Inc. has a one year low of $3.61 and a one year high of $6.71.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.01. Aspen Aerogels had a negative return on equity of 20.95% and a negative net margin of 22.22%. The company had revenue of $25.10 million during the quarter, compared to analyst estimates of $24.79 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts expect that Aspen Aerogels, Inc. will post ($0.86) EPS for the current fiscal year.

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ASPN has been the subject of several recent research reports. Zacks Investment Research raised Aspen Aerogels from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Wednesday, August 9th. Citigroup Inc. increased their price target on Aspen Aerogels from $4.50 to $4.75 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, ValuEngine downgraded Aspen Aerogels from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.50.

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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Institutional Ownership by Quarter for Aspen Aerogels (NYSE:ASPN)

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