Dimensional Fund Advisors LP Purchases 409,862 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Dimensional Fund Advisors LP boosted its stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 25.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,018,631 shares of the construction company's stock after buying an additional 409,862 shares during the period. Dimensional Fund Advisors LP owned 2.46% of Aspen Aerogels worth $23,983,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after purchasing an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Aspen Aerogels in the 4th quarter worth approximately $164,000. Journey Strategic Wealth LLC bought a new stake in Aspen Aerogels during the 4th quarter valued at $178,000. Ballentine Partners LLC raised its stake in Aspen Aerogels by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock valued at $189,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Capula Management Ltd bought a new position in shares of Aspen Aerogels in the fourth quarter worth $208,000. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Trading Up 7.0%

Shares of Aspen Aerogels stock traded up $0.35 during trading on Monday, hitting $5.30. The stock had a trading volume of 745,768 shares, compared to its average volume of 1,930,018. Aspen Aerogels, Inc. has a 1 year low of $4.16 and a 1 year high of $33.15. The stock has a 50 day simple moving average of $6.08 and a 200 day simple moving average of $10.46. 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 capitalization of $434.99 million, a PE ratio of 33.65 and a beta of 2.72.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced its earnings results on Thursday, May 8th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $78.72 million for the quarter, compared to the consensus estimate of $82.75 million. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. The company's revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. On average, research analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ASPN shares. StockNews.com upgraded shares of Aspen Aerogels to a "sell" rating in a research report on Wednesday, February 19th. Craig Hallum dropped their target price on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Oppenheimer cut Aspen Aerogels from an "outperform" rating to a "market perform" rating in a research report on Thursday. Canaccord Genuity Group cut their price objective on Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, TD Cowen raised Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.11.

Aspen Aerogels 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.