First Trust Advisors LP Acquires 216,452 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

First Trust Advisors LP increased its position in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 78.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 492,507 shares of the construction company's stock after acquiring an additional 216,452 shares during the quarter. First Trust Advisors LP owned about 0.60% of Aspen Aerogels worth $5,851,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ASPN. Alpha DNA Investment Management LLC bought a new position in shares of Aspen Aerogels during the 4th quarter worth about $438,000. Jump Financial LLC raised its position in Aspen Aerogels by 144.5% in the 4th quarter. Jump Financial LLC now owns 239,895 shares of the construction company's stock worth $2,850,000 after purchasing an additional 141,795 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Aspen Aerogels during the fourth quarter valued at $1,019,000. Barclays PLC lifted its position in Aspen Aerogels by 16.8% during the 4th quarter. Barclays PLC now owns 107,764 shares of the construction company's stock valued at $1,280,000 after purchasing an additional 15,462 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in Aspen Aerogels by 21.7% in the fourth quarter. Kennedy Capital Management LLC now owns 224,475 shares of the construction company's stock valued at $2,667,000 after acquiring an additional 40,016 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ASPN shares. Roth Mkm decreased their target price on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, February 14th. B. Riley decreased their target price on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Seaport Res Ptn lowered Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Craig Hallum decreased their price objective on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, StockNews.com raised Aspen Aerogels to a "sell" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Aspen Aerogels currently has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Aspen Aerogels Stock Down 0.5 %

Shares of NYSE ASPN traded down $0.03 during mid-day trading on Tuesday, hitting $5.47. The company had a trading volume of 216,201 shares, compared to its average volume of 1,876,663. Aspen Aerogels, Inc. has a one year low of $4.80 and a one year high of $33.15. The company has a market capitalization of $448.70 million, a PE ratio of 34.23 and a beta of 2.72. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $6.26 and a two-hundred day simple moving average of $10.89.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. On average, equities analysts expect that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

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.