Aspen Aerogels, Inc. (NYSE:ASPN) Position Boosted by Graham Capital Management L.P.

Graham Capital Management L.P. increased its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 107.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,475 shares of the construction company's stock after buying an additional 68,177 shares during the quarter. Graham Capital Management L.P. owned 0.16% of Aspen Aerogels worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ASPN. AlphaQuest LLC boosted its stake in shares of Aspen Aerogels by 54.0% in the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after buying an additional 3,998 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Aspen Aerogels in the fourth quarter worth about $164,000. Connors Investor Services Inc. purchased a new stake in shares of Aspen Aerogels in the fourth quarter worth about $168,000. Journey Strategic Wealth LLC purchased a new stake in shares of Aspen Aerogels in the fourth quarter worth about $178,000. Finally, Ballentine Partners LLC boosted its stake in shares of Aspen Aerogels by 19.2% in the fourth quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock worth $189,000 after buying an additional 2,565 shares during the last quarter. Hedge funds and other institutional investors own 97.64% of the company's stock.

Aspen Aerogels Trading Up 12.0%

Shares of ASPN stock traded up $0.69 on Friday, reaching $6.38. 2,882,826 shares of the stock were exchanged, compared to its average volume of 1,956,974. The stock has a market cap of $523.42 million, a P/E ratio of 39.85 and a beta of 2.72. 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 firm has a 50 day moving average of $5.91 and a two-hundred day moving average of $10.21. Aspen Aerogels, Inc. has a 1-year low of $4.16 and a 1-year high of $33.15.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced its quarterly 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. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. The firm had revenue of $78.72 million during the quarter, compared to the consensus estimate of $82.75 million. During the same period in the prior year, the firm earned ($0.02) EPS. The firm's quarterly revenue was down 16.7% compared to the same quarter last year. On average, research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ASPN shares. Barclays reduced their target price on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Oppenheimer cut Aspen Aerogels from an "outperform" rating to a "market perform" rating in a report on Thursday, May 8th. Seaport Res Ptn cut Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Roth Mkm reduced their target price on Aspen Aerogels from $22.00 to $16.00 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 assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $19.11.

Insider Buying and Selling at Aspen Aerogels

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