Royce & Associates LP Has $3.42 Million Position in Aspen Aerogels Inc (ASPN)
Royce & Associates LP boosted its stake in shares of Aspen Aerogels Inc (NYSE:ASPN) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 701,408 shares of the construction company’s stock after buying an additional 40,662 shares during the quarter. Royce & Associates LP’s holdings in Aspen Aerogels were worth $3,423,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Aspen Aerogels by 384.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 80,149 shares of the construction company’s stock valued at $349,000 after purchasing an additional 63,605 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Aspen Aerogels during the 3rd quarter valued at approximately $823,000. Quantum Capital Management raised its position in Aspen Aerogels by 1,552.9% during the 3rd quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock valued at $974,000 after purchasing an additional 210,416 shares during the last quarter. Granite Investment Partners LLC raised its position in Aspen Aerogels by 60.6% during the 4th quarter. Granite Investment Partners LLC now owns 199,600 shares of the construction company’s stock valued at $974,000 after purchasing an additional 75,345 shares during the last quarter. Finally, Harvey Partners LLC raised its position in Aspen Aerogels by 32.2% during the 3rd quarter. Harvey Partners LLC now owns 379,100 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 92,432 shares during the last quarter. Institutional investors own 69.94% of the company’s stock.
Separately, Zacks Investment Research lowered Aspen Aerogels from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Aspen Aerogels (NYSE:ASPN) last announced its earnings results on Thursday, February 22nd. The construction company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. Aspen Aerogels had a negative return on equity of 18.56% and a negative net margin of 17.31%. The firm had revenue of $36.36 million during the quarter, compared to analyst estimates of $31.73 million. analysts forecast that Aspen Aerogels Inc will post -0.78 EPS for the current year.
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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