Integrated Wealth Concepts LLC Buys Shares of 459,602 Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 459,602 shares of the business services provider's stock, valued at approximately $302,000. Integrated Wealth Concepts LLC owned about 1.69% of Altisource Portfolio Solutions at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its stake in Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock valued at $131,000 after acquiring an additional 16,390 shares during the period. 41.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altisource Portfolio Solutions

In other news, CEO William B. Shepro purchased 210,498 shares of the company's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $0.48 per share, with a total value of $101,039.04. Following the transaction, the chief executive officer now directly owns 310,498 shares of the company's stock, valued at approximately $149,039.04. This represents a 210.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

Altisource Portfolio Solutions Trading Up 4.2 %

NASDAQ ASPS traded up $0.04 during trading hours on Wednesday, hitting $0.99. The company's stock had a trading volume of 110,111 shares, compared to its average volume of 267,403. The company has a market capitalization of $86.28 million, a PE ratio of -0.69 and a beta of 0.33. Altisource Portfolio Solutions S.A. has a 52 week low of $0.22 and a 52 week high of $1.14. The company's 50-day simple moving average is $0.82 and its two-hundred day simple moving average is $0.82.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported ($0.02) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Altisource Portfolio Solutions in a report on Monday. They issued a "sell" rating on the stock.

Altisource Portfolio Solutions Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.