Reservoir Operations buys $14,113,939 stake in Aspen Aerogels Inc (ASPN)

Aspen Aerogels Inc (ASPN) : Reservoir Operations scooped up 18,451 additional shares in Aspen Aerogels Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,916,103 shares of Aspen Aerogels Inc which is valued at $14,113,939.Aspen Aerogels Inc makes up approximately 17.63% of Reservoir Operations’s portfolio.

Other Hedge Funds, Including , Quantum Capital Management added ASPN to its portfolio by purchasing 10,470 company shares during the most recent quarter which is valued at $50,675. Aspen Aerogels Inc makes up approx 0.01% of Quantum Capital Management’s portfolio.Blackrock Investment Management reduced its stake in ASPN by selling 16 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 2,925 shares of ASPN which is valued at $14,157.Vanguard Group Inc boosted its stake in ASPN in the latest quarter, The investment management firm added 4,062 additional shares and now holds a total of 566,095 shares of Aspen Aerogels Inc which is valued at $2,739,900. Alambic Investment Management added ASPN to its portfolio by purchasing 14,906 company shares during the most recent quarter which is valued at $73,188. Aspen Aerogels Inc makes up approx 0.02% of Alambic Investment Management’s portfolio.

Aspen Aerogels Inc opened for trading at $4.72 and hit $4.865 on the upside on Tuesday, eventually ending the session at $4.84, with a gain of 3.86% or 0.18 points. The heightened volatility saw the trading volume jump to 23,827 shares. Company has a market cap of $113 M.

On the company’s financial health, Aspen Aerogels Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.05. The company had revenue of $27.70 million for the quarter, compared to analysts expectations of $30.99 million. During the same quarter in the previous year, the company posted $-0.12 EPS.

Aspen Aerogels Inc. is an energy technology company that designs develops and manufactures aerogel insulation used in large-scale energy infrastructure facilities. The Company conducts research and development related to aerogel technology supported by funding from several agencies of the United States government and other institutions in the form of research and development contracts. The Company’s end use customers select its products where thermal performance is critical and to save money reduce energy use preserve operating assets and protect workers. The Company’s two principal products are Pyrogel and Cryogel used by many of the oil producers and the owners and operators of refineries petrochemical plants LNG (liquefied natural gas) facilities power generating assets and other energy infrastructure. It also derives product revenue from the building and construction and other end markets. It generates product revenue through the sale of its line of aerogel blankets.

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