Sargent Investment Group LLC Has $1.75 Million Stake in Aspen Aerogels, Inc. (NYSE:ASPN)

Sargent Investment Group LLC trimmed its position in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 274,267 shares of the construction company's stock after selling 96,782 shares during the quarter. Sargent Investment Group LLC owned about 0.33% of Aspen Aerogels worth $1,753,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Aspen Aerogels by 1,998.7% in the 1st quarter. GAMMA Investing LLC now owns 3,316 shares of the construction company's stock worth $210,000 after buying an additional 3,158 shares during the period. Exchange Traded Concepts LLC increased its holdings in Aspen Aerogels by 460.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,436 shares of the construction company's stock worth $48,000 after buying an additional 6,109 shares during the period. Sandia Investment Management LP acquired a new position in Aspen Aerogels in the 4th quarter worth approximately $89,000. CWM LLC increased its holdings in Aspen Aerogels by 2,137.9% in the 1st quarter. CWM LLC now owns 8,325 shares of the construction company's stock worth $53,000 after buying an additional 7,953 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in Aspen Aerogels in the 1st quarter worth approximately $65,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Price Performance

Shares of Aspen Aerogels stock traded up $0.32 during trading on Wednesday, hitting $8.09. The stock had a trading volume of 2,338,000 shares, compared to its average volume of 2,048,835. The business has a fifty day moving average of $6.22 and a two-hundred day moving average of $7.54. The firm has a market cap of $663.86 million, a P/E ratio of -2.32 and a beta of 2.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.22 and a quick ratio of 3.53. Aspen Aerogels, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $33.15.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last released its quarterly 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. The company had revenue of $78.72 million during the quarter, compared to the consensus estimate of $82.75 million. Aspen Aerogels had a positive return on equity of 6.69% and a negative net margin of 65.47%. The firm's revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. On average, sell-side analysts expect that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ASPN shares. Oppenheimer cut shares of Aspen Aerogels from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 8th. Barclays reissued an "equal weight" rating and set a $7.00 price objective (down from $13.00) on shares of Aspen Aerogels in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $18.44.

Insiders Place Their Bets

In other news, CEO Donald R. Young purchased 20,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $5.35 per share, with a total value of $107,000.00. Following the acquisition, the chief executive officer directly owned 550,856 shares in the company, valued at approximately $2,947,079.60. The trade was a 3.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is currently 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.