Jackson Creek Investment Advisors LLC Takes Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Jackson Creek Investment Advisors LLC bought a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) during the fourth quarter, HoldingsChannel reports. The firm bought 101,245 shares of the construction company’s stock, valued at approximately $1,598,000. Aspen Aerogels makes up approximately 0.6% of Jackson Creek Investment Advisors LLC’s holdings, making the stock its 9th largest holding.

A number of other hedge funds also recently bought and sold shares of the company. McAdam LLC purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth about $191,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aspen Aerogels by 38.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock worth $205,000 after buying an additional 3,607 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Aspen Aerogels during the fourth quarter valued at approximately $230,000. Raymond James Financial Services Advisors Inc. bought a new stake in Aspen Aerogels during the fourth quarter valued at $265,000. Finally, WealthTrust Axiom LLC acquired a new stake in Aspen Aerogels in the fourth quarter worth about $296,000. Institutional investors own 97.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $22.00 price objective on shares of Aspen Aerogels in a research report on Tuesday. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Finally, HC Wainwright reiterated a “buy” rating and set a $20.00 price target on shares of Aspen Aerogels in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.00.

Aspen Aerogels Stock Down 6.1 %

Shares of NYSE:ASPN traded down $1.01 during trading on Tuesday, hitting $15.66. The company’s stock had a trading volume of 653,065 shares, compared to its average volume of 944,949. The business has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $13.43. The company has a market capitalization of $1.20 billion, a PE ratio of -25.26 and a beta of 2.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.91 and a current ratio of 3.41. Aspen Aerogels, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $19.10.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. The firm had revenue of $84.22 million during the quarter, compared to analysts’ expectations of $83.82 million. During the same period in the previous year, the company earned ($0.20) earnings per share. As a group, research analysts expect that Aspen Aerogels, Inc. will post -0.24 EPS for the current fiscal year.

Aspen Aerogels Company Profile

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.