Rice Hall James & Associates LLC Has $6.58 Million Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Rice Hall James & Associates LLC raised its holdings in Aspen Aerogels, Inc. (NYSE:ASPN) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 554,202 shares of the construction company’s stock after buying an additional 19,089 shares during the period. Rice Hall James & Associates LLC owned 0.68% of Aspen Aerogels worth $6,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Aspen Aerogels by 415.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 238,884 shares of the construction company’s stock worth $6,615,000 after purchasing an additional 192,520 shares during the last quarter. Precision Wealth Strategies LLC acquired a new position in shares of Aspen Aerogels during the 3rd quarter worth about $348,000. Dakota Wealth Management acquired a new position in shares of Aspen Aerogels during the 3rd quarter worth about $986,000. Pursue Wealth Partners LLC acquired a new position in shares of Aspen Aerogels during the 3rd quarter worth about $222,000. Finally, Bridgewater Advisors Inc. increased its stake in shares of Aspen Aerogels by 37.8% during the 3rd quarter. Bridgewater Advisors Inc. now owns 77,357 shares of the construction company’s stock worth $2,142,000 after purchasing an additional 21,218 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Aspen Aerogels Stock Performance

NYSE ASPN opened at $8.67 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $711.05 million, a P/E ratio of 867.47 and a beta of 2.14. Aspen Aerogels, Inc. has a 12-month low of $8.25 and a 12-month high of $33.15. The firm has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $18.45.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Aspen Aerogels had a net margin of 0.36% and a return on equity of 5.06%. Analysts anticipate that Aspen Aerogels, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASPN. StockNews.com upgraded shares of Aspen Aerogels to a “sell” rating in a research note on Saturday, February 8th. 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. Craig Hallum lowered their price objective on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday. Canaccord Genuity Group reduced their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday. Finally, Piper Sandler reduced their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

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.