Baird Financial Group Inc. lowered its position in Aspen Aerogels, Inc. (NYSE:ASPN – Get Rating) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,305 shares of the construction company’s stock after selling 12,814 shares during the period. Baird Financial Group Inc. owned about 1.09% of Aspen Aerogels worth $3,876,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Koch Industries Inc. purchased a new stake in Aspen Aerogels during the first quarter worth about $61,788,000. Cowen Prime Advisors LLC increased its holdings in Aspen Aerogels by 82.4% during the second quarter. Cowen Prime Advisors LLC now owns 669,950 shares of the construction company’s stock worth $6,619,000 after buying an additional 302,670 shares during the last quarter. Royce & Associates LP increased its holdings in Aspen Aerogels by 18.0% during the second quarter. Royce & Associates LP now owns 580,432 shares of the construction company’s stock worth $5,735,000 after buying an additional 88,600 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Aspen Aerogels by 35.5% during the first quarter. Essex Investment Management Co. LLC now owns 510,488 shares of the construction company’s stock worth $17,602,000 after buying an additional 133,618 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Aspen Aerogels by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 441,247 shares of the construction company’s stock worth $15,214,000 after buying an additional 21,112 shares during the last quarter. Hedge funds and other institutional investors own 91.66% of the company’s stock.
Aspen Aerogels Price Performance
ASPN stock opened at $13.30 on Tuesday. The firm has a 50 day moving average of $11.24 and a 200-day moving average of $13.39. The company has a current ratio of 1.93, a quick ratio of 2.76 and a debt-to-equity ratio of 0.58. Aspen Aerogels, Inc. has a 12 month low of $7.93 and a 12 month high of $65.99. The firm has a market capitalization of $544.09 million, a P/E ratio of -5.28 and a beta of 2.34.
Analyst Ratings Changes
About Aspen Aerogels
Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets in the United States, Asia, Canada, Europe, and Latin America. The company offers PyroThin thermal barriers for use in lithium-ion batteries in electric vehicles and energy storage industries; Pyrogel XTE that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market; Pyrogel XTF to provide 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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