Oaktop Capital Management II L.P. Has $44.44 Million Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Oaktop Capital Management II L.P. raised its holdings in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,740,525 shares of the construction company's stock after buying an additional 200,000 shares during the period. Aspen Aerogels accounts for about 5.5% of Oaktop Capital Management II L.P.'s portfolio, making the stock its 5th largest holding. Oaktop Capital Management II L.P. owned about 4.56% of Aspen Aerogels worth $44,437,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Abbot Financial Management Inc. increased its position in shares of Aspen Aerogels by 3.9% in the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company's stock valued at $359,000 after acquiring an additional 1,146 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Aspen Aerogels by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company's stock worth $815,000 after purchasing an additional 1,483 shares during the last quarter. Invesco Ltd. raised its stake in shares of Aspen Aerogels by 3.5% during the 4th quarter. Invesco Ltd. now owns 50,871 shares of the construction company's stock worth $604,000 after purchasing an additional 1,724 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Aspen Aerogels by 5.0% during the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company's stock worth $439,000 after purchasing an additional 1,749 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Aspen Aerogels by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 35,782 shares of the construction company's stock valued at $425,000 after buying an additional 2,118 shares during the last quarter. 97.64% of the stock is owned by institutional investors.

Insider Activity at Aspen Aerogels

In other news, CEO Donald R. Young bought 20,000 shares of Aspen Aerogels stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of $5.35 per share, for a total transaction of $107,000.00. Following the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ASPN shares. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. Seaport Res Ptn lowered shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Aspen Aerogels to a "sell" rating in a research note on Wednesday, February 19th. Barclays lowered their price target on Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Finally, B. Riley dropped their price objective on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.11.

Aspen Aerogels Price Performance

Shares of NYSE ASPN traded up $0.69 during midday trading on Friday, reaching $6.38. The company's stock had a trading volume of 2,882,826 shares, compared to its average volume of 1,960,784. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The company has a market cap of $523.42 million, a P/E ratio of 39.85 and a beta of 2.72. The business's 50 day moving average price is $5.91 and its two-hundred day moving average price is $10.21. 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 announced its quarterly earnings data on Thursday, May 8th. The construction company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $78.72 million during the quarter, compared to analysts' expectations of $82.75 million. Aspen Aerogels had a return on equity of 7.49% and a net margin of 2.95%. The company's quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) EPS. On average, analysts forecast that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

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.