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Hedge Funds Are Crazy About Aspen Aerogels Inc (ASPN)

Concerns over a shift in Fed’s easy monetary policy have hit several hedge funds hard during the third quarter. A number of sectors are in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by more than 14 percentage points between June 25, 2015 and October 30, 2015. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. We have been receiving indications that hedge funds were paring back their overall exposure and this is one of the factors behind the recent movements in major indices. In this article, we will take a closer look at hedge fund sentiment towards Aspen Aerogels Inc (NYSE:ASPN).

Is Aspen Aerogels Inc a safe stock to buy now? Investors who are in the know are buying. The number of long hedge fund bets inched up by 2 lately. At the end of this article we will also compare ASPN to other stocks including Maxwell Technologies Inc. (NASDAQ:MXWL), HORSEHEAD HOLDING CORP. (NASDAQ:ZINC), and Hurco Companies, Inc. (NASDAQ:HURC) to get a better sense of its popularity.

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Now, we’re going to review the latest action regarding Aspen Aerogels Inc (NYSE:ASPN).

How are hedge funds trading Aspen Aerogels Inc (NYSE:ASPN)?

At the end of the third quarter, a total of 4 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 100% from the second quarter. With hedgies’ sentiment swirling, there exist a few noteworthy hedge fund managers who were boosting their holdings significantly (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Brian Taylor’s Pine River Capital Management has the number one position in Aspen Aerogels Inc (NYSE:ASPN), worth close to $8 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Coe Capital Management, led by Mark Coe, holding a $0.9 million position; the fund has 0.3% of its 13F portfolio invested in the stock.

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