Dimensional Fund Advisors LP grew its holdings in Aspen Aerogels Inc (NYSE:ASPN) by 24.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 199,295 shares of the construction company’s stock after purchasing an additional 38,780 shares during the quarter. Dimensional Fund Advisors LP owned about 0.83% of Aspen Aerogels worth $977,000 as of its most recent filing with the SEC.
Separately, Royce & Associates LP grew its position in shares of Aspen Aerogels by 6.2% in the second quarter. Royce & Associates LP now owns 892,018 shares of the construction company’s stock valued at $4,371,000 after purchasing an additional 52,376 shares during the last quarter. Hedge funds and other institutional investors own 70.05% of the company’s stock.
Shares of ASPN opened at $4.01 on Tuesday. Aspen Aerogels Inc has a 12 month low of $3.51 and a 12 month high of $5.58.
Separately, Canaccord Genuity set a $6.00 price target on Aspen Aerogels and gave the company a “buy” rating in a research report on Tuesday, July 24th.
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.
Further Reading: Bull Market
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