Insider Selling: Aspen Aerogels Inc (ASPN) Major Shareholder Sells $12,452,718.30 in Stock

Aspen Aerogels Inc (NYSE:ASPN) major shareholder Craig A. Huff sold 2,895,981 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $4.30, for a total transaction of $12,452,718.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aspen Aerogels Inc (NYSE:ASPN) opened at $5.07 on Thursday. Aspen Aerogels Inc has a 1-year low of $3.84 and a 1-year high of $5.13.

Aspen Aerogels (NYSE:ASPN) last posted its earnings results on Thursday, November 2nd. The construction company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $27.20 million during the quarter, compared to the consensus estimate of $28.23 million. Aspen Aerogels had a negative net margin of 22.72% and a negative return on equity of 21.86%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. equities analysts anticipate that Aspen Aerogels Inc will post -0.88 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvey Partners LLC grew its position in Aspen Aerogels by 32.2% in the third quarter. Harvey Partners LLC now owns 379,100 shares of the construction company’s stock valued at $1,649,000 after acquiring an additional 92,432 shares in the last quarter. Royce & Associates LP grew its position in Aspen Aerogels by 12.8% in the third quarter. Royce & Associates LP now owns 660,746 shares of the construction company’s stock valued at $2,874,000 after acquiring an additional 74,792 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Aspen Aerogels by 384.5% in the third quarter. Dimensional Fund Advisors LP now owns 80,149 shares of the construction company’s stock valued at $349,000 after acquiring an additional 63,605 shares in the last quarter. Oaktop Capital Management II L.P. grew its position in Aspen Aerogels by 14.6% in the third quarter. Oaktop Capital Management II L.P. now owns 1,399,001 shares of the construction company’s stock valued at $6,086,000 after acquiring an additional 177,953 shares in the last quarter. Finally, Quantum Capital Management grew its position in Aspen Aerogels by 1,552.9% in the third quarter. Quantum Capital Management now owns 223,966 shares of the construction company’s stock valued at $974,000 after acquiring an additional 210,416 shares in the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered shares of Aspen Aerogels from a “buy” rating to a “hold” rating in a report on Monday, September 11th.

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About Aspen Aerogels

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.

Insider Buying and Selling by Quarter for Aspen Aerogels (NYSE:ASPN)

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