SG Americas Securities LLC Invests $431,000 in Aspen Aerogels, Inc. (NYSE:ASPN)

SG Americas Securities LLC acquired a new stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 67,394 shares of the construction company's stock, valued at approximately $431,000. SG Americas Securities LLC owned about 0.08% of Aspen Aerogels at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ASPN. Millennium Management LLC increased its holdings in Aspen Aerogels by 4,757.8% in the fourth quarter. Millennium Management LLC now owns 1,622,022 shares of the construction company's stock valued at $19,270,000 after purchasing an additional 1,588,632 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Aspen Aerogels in the 4th quarter valued at about $13,122,000. Alyeska Investment Group L.P. bought a new stake in shares of Aspen Aerogels in the 4th quarter valued at about $9,504,000. Dendur Capital LP acquired a new stake in shares of Aspen Aerogels in the fourth quarter valued at about $9,207,000. Finally, Renaissance Technologies LLC raised its position in shares of Aspen Aerogels by 472.4% during the fourth quarter. Renaissance Technologies LLC now owns 766,400 shares of the construction company's stock worth $9,105,000 after acquiring an additional 632,500 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company's stock.

Aspen Aerogels Stock Down 4.2%

Shares of Aspen Aerogels stock traded down $0.26 during midday trading on Friday, hitting $5.89. The company had a trading volume of 2,758,232 shares, compared to its average volume of 1,937,522. Aspen Aerogels, Inc. has a 52-week low of $4.16 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.53 and a current ratio of 4.22. The stock has a market capitalization of $483.63 million, a P/E ratio of -1.69 and a beta of 2.68. The company has a 50 day moving average of $5.83 and a 200 day moving average of $8.27.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its earnings results on Thursday, May 8th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. Aspen Aerogels had a negative net margin of 65.47% and a positive return on equity of 6.69%. The firm had revenue of $78.72 million for the quarter, compared to the consensus estimate of $82.75 million. The business's revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, equities analysts predict that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays reissued an "equal weight" rating and issued a $7.00 price objective (down from $13.00) on shares of Aspen Aerogels in a research note on Thursday, May 29th. Oppenheimer downgraded Aspen Aerogels from an "outperform" rating to a "market perform" rating in a report on Thursday, May 8th. Finally, TD Cowen upgraded Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.44.

Insider Buying and Selling

In related news, CEO Donald R. Young acquired 20,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $5.35 per share, with a total value of $107,000.00. Following the acquisition, the chief executive officer now directly owns 550,856 shares in the company, valued at $2,947,079.60. This represents a 3.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.

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.