Granite Investment Partners LLC raised its holdings in Aspen Aerogels Inc (NYSE:ASPN) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,600 shares of the construction company’s stock after buying an additional 75,345 shares during the period. Granite Investment Partners LLC owned about 0.84% of Aspen Aerogels worth $974,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in ASPN. Vanguard Group Inc. raised its holdings in shares of Aspen Aerogels by 0.5% in the second quarter. Vanguard Group Inc. now owns 582,689 shares of the construction company’s stock valued at $2,592,000 after purchasing an additional 3,158 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Aspen Aerogels in the second quarter valued at about $330,000. Essex Investment Management Co. LLC purchased a new stake in shares of Aspen Aerogels in the third quarter valued at about $823,000. Reservoir Operations L.P. raised its holdings in shares of Aspen Aerogels by 0.4% in the third quarter. Reservoir Operations L.P. now owns 2,908,270 shares of the construction company’s stock valued at $12,651,000 after purchasing an additional 12,289 shares during the last quarter. Finally, Quantum Capital Management raised its holdings in shares of Aspen Aerogels by 1,552.9% in the third quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock valued at $974,000 after purchasing an additional 210,416 shares during the last quarter. 65.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Craig A. Huff sold 2,895,981 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $4.30, for a total transaction of $12,452,718.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.80% of the company’s stock.
Aspen Aerogels Inc (NYSE ASPN) traded down $0.12 during midday trading on Friday, reaching $4.61. 54,696 shares of the company were exchanged, compared to its average volume of 52,691. Aspen Aerogels Inc has a 1-year low of $3.84 and a 1-year high of $5.58. The stock has a market capitalization of $108.97, a P/E ratio of -4.61 and a beta of 1.08.
Separately, Zacks Investment Research downgraded shares of Aspen Aerogels from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
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Aspen Aerogels Company Profile
Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.
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