Quantum Capital Management Has $2.03 Million Holdings in Aspen Aerogels Inc (ASPN)
Quantum Capital Management grew its position in Aspen Aerogels Inc (NYSE:ASPN) by 27.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 444,559 shares of the construction company’s stock after acquiring an additional 95,860 shares during the period. Quantum Capital Management owned about 1.86% of Aspen Aerogels worth $2,032,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Aspen Aerogels by 23.5% in the first quarter. Dimensional Fund Advisors LP now owns 160,515 shares of the construction company’s stock worth $685,000 after acquiring an additional 30,593 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Aspen Aerogels by 18.3% in the third quarter. Essex Investment Management Co. LLC now owns 344,310 shares of the construction company’s stock worth $1,573,000 after acquiring an additional 53,188 shares during the period. Renaissance Technologies LLC increased its stake in shares of Aspen Aerogels by 12.6% during the second quarter. Renaissance Technologies LLC now owns 483,800 shares of the construction company’s stock worth $2,371,000 after purchasing an additional 54,100 shares in the last quarter. Royce & Associates LP increased its stake in shares of Aspen Aerogels by 6.2% during the second quarter. Royce & Associates LP now owns 892,018 shares of the construction company’s stock worth $4,371,000 after purchasing an additional 52,376 shares in the last quarter. Finally, Cowen Prime Services LLC increased its stake in shares of Aspen Aerogels by 17.6% during the second quarter. Cowen Prime Services LLC now owns 1,201,000 shares of the construction company’s stock worth $5,885,000 after purchasing an additional 179,539 shares in the last quarter. Institutional investors and hedge funds own 70.33% of the company’s stock.
Separately, Canaccord Genuity set a $6.00 target price on shares of Aspen Aerogels and gave the stock a “buy” rating in a research note on Tuesday, July 24th.
Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, November 1st. The construction company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The company had revenue of $23.94 million for the quarter. Aspen Aerogels had a negative return on equity of 23.92% and a negative net margin of 20.96%. As a group, research analysts forecast that Aspen Aerogels Inc will post -0.93 EPS for the current fiscal year.
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Aspen Aerogels Profile
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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