BlackRock Discloses 5.0% Passive Stake in Aspen Aerogels
Ticker: ASPN · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1145986
| Field | Detail |
|---|---|
| Company | Aspen Aerogels Inc (ASPN) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**BlackRock owns 5.0% of Aspen Aerogels, a big vote of confidence but no active management.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 31, 2024, that it holds 5.0% of the Common Stock in Aspen Aerogels, Inc. as of December 31, 2023. This filing indicates BlackRock's significant, but passive, ownership stake in Aspen Aerogels. For investors, this means a large institutional investor sees value in Aspen Aerogels, potentially signaling confidence, but BlackRock isn't actively seeking to influence company management.
Why It Matters
This filing shows a major institutional investor, BlackRock, has a significant stake in Aspen Aerogels, which can be a positive signal for other investors, but it's a passive holding, meaning they aren't pushing for changes.
Risk Assessment
Risk Level: low — This filing indicates a passive institutional investment, which generally poses low risk to existing shareholders as it doesn't suggest immediate disruptive changes.
Analyst Insight
A smart investor would view BlackRock's 5.0% passive stake as a sign of institutional confidence, but recognize it doesn't imply active management changes, and should continue to evaluate Aspen Aerogels' fundamentals and market conditions.
Key Numbers
- 5.0% — Ownership Stake (BlackRock Inc.'s percentage of Aspen Aerogels Inc. Common Stock owned as of December 31, 2023.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- ASPEN AEROGELS INC (company) — subject company whose shares are being reported
- 5.0% (dollar_amount) — percentage of class owned by BlackRock Inc.
- December 31, 2023 (date) — date of event requiring the filing
- January 31, 2024 (date) — filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in Aspen Aerogels for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-01-31
- Aspen Aerogels' stock price will see a minor positive sentiment bump due to institutional confidence. (ASPEN AEROGELS INC) — medium confidence, target: 2024-02-29
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b), which is used by passive institutional investors.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., a major investment management firm based in New York, NY.
Which company's shares are the subject of this filing?
The subject company is ASPEN AEROGELS INC, located at 30 Forbes Road, Northborough, MA.
What percentage of Aspen Aerogels Inc.'s Common Stock does BlackRock Inc. report owning?
BlackRock Inc. reports owning 5.0% of the Common Stock of Aspen Aerogels Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 regarding ASPEN AEROGELS INC (ASPN).