EntryPoint Capital LLC Acquires 20,670 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

EntryPoint Capital LLC boosted its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 253.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,811 shares of the construction company’s stock after buying an additional 20,670 shares during the quarter. EntryPoint Capital LLC’s holdings in Aspen Aerogels were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASPN. Quest Partners LLC increased its holdings in shares of Aspen Aerogels by 263.3% during the 3rd quarter. Quest Partners LLC now owns 7,397 shares of the construction company’s stock worth $205,000 after acquiring an additional 5,361 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Aspen Aerogels in the third quarter valued at about $497,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Aspen Aerogels by 204.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,430 shares of the construction company’s stock worth $14,106,000 after buying an additional 342,253 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Aspen Aerogels during the 3rd quarter worth about $1,342,000. Finally, The Manufacturers Life Insurance Company grew its stake in Aspen Aerogels by 35.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 35,121 shares of the construction company’s stock valued at $972,000 after buying an additional 9,118 shares during the last quarter. Institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Stock Down 1.6 %

ASPN stock opened at $7.04 on Thursday. The company has a market cap of $577.77 million, a PE ratio of 43.98 and a beta of 2.28. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. Aspen Aerogels, Inc. has a 52 week low of $6.60 and a 52 week high of $33.15. The business has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $14.94.

Aspen Aerogels (NYSE:ASPN) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. Sell-side analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

ASPN has been the subject of a number of research analyst reports. Roth Mkm reduced their price objective on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 14th. Seaport Res Ptn downgraded Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Craig Hallum decreased their price objective on Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group dropped their target price on Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, TD Cowen upgraded shares of Aspen Aerogels to a “strong-buy” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.11.

About Aspen Aerogels

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.