Granite Investment Partners LLC trimmed its position in shares of Aspen Aerogels (NYSE:ASPN) by 64.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,689 shares of the construction company’s stock after selling 127,911 shares during the period. Granite Investment Partners LLC owned approximately 0.30% of Aspen Aerogels worth $306,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ASPN. Deutsche Bank AG increased its position in shares of Aspen Aerogels by 154.3% during the fourth quarter. Deutsche Bank AG now owns 27,078 shares of the construction company’s stock worth $132,000 after acquiring an additional 16,430 shares during the period. Millennium Management LLC purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth $151,000. Dimensional Fund Advisors LP increased its position in shares of Aspen Aerogels by 384.5% during the third quarter. Dimensional Fund Advisors LP now owns 80,149 shares of the construction company’s stock worth $349,000 after acquiring an additional 63,605 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Aspen Aerogels by 64.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 312,037 shares of the construction company’s stock worth $1,523,000 after acquiring an additional 122,757 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Aspen Aerogels by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 355,000 shares of the construction company’s stock worth $1,732,000 after acquiring an additional 31,800 shares during the period. Institutional investors own 70.52% of the company’s stock.
Separately, ValuEngine raised Aspen Aerogels from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Shares of Aspen Aerogels traded down $0.05, reaching $4.91, during trading hours on Friday, MarketBeat.com reports. 1,274 shares of the company were exchanged, compared to its average volume of 51,783. The firm has a market capitalization of $119.41 million, a P/E ratio of -5.92 and a beta of 1.13. Aspen Aerogels has a 1 year low of $4.97 and a 1 year high of $4.97.
Aspen Aerogels (NYSE:ASPN) last posted its earnings results on Thursday, May 3rd. The construction company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.01). The business had revenue of $23.07 million during the quarter. Aspen Aerogels had a negative net margin of 15.30% and a negative return on equity of 17.06%. equities research analysts expect that Aspen Aerogels will post -0.81 EPS for the current year.
About Aspen Aerogels
Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.
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