Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.36 and traded as high as $9.50. Altisource Portfolio Solutions shares last traded at $9.14, with a volume of 48,863 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on Altisource Portfolio Solutions in a research report on Wednesday, May 21st. They set a "sell" rating for the company.
Read Our Latest Report on ASPS
Altisource Portfolio Solutions Trading Down 1.8%
The company has a market capitalization of $101.52 million, a P/E ratio of -6.43 and a beta of 0.03. The business has a 50 day moving average price of $6.92 and a 200 day moving average price of $6.36.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.16) earnings per share for the quarter.
Insider Activity at Altisource Portfolio Solutions
In other Altisource Portfolio Solutions news, CEO William B. Shepro acquired 26,312 shares of the company's stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $3.84 per share, with a total value of $101,038.08. Following the completion of the purchase, the chief executive officer now owns 38,812 shares of the company's stock, valued at approximately $149,038.08. This represents a 210.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock worth $131,000 after buying an additional 16,390 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the fourth quarter worth about $302,000. Nantahala Capital Management LLC boosted its holdings in shares of Altisource Portfolio Solutions by 95.1% in the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock worth $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Altisource Portfolio Solutions by 306.4% during the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock valued at $55,000 after purchasing an additional 60,933 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Altisource Portfolio Solutions during the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 41.36% of the company's stock.
About Altisource Portfolio Solutions
(
Get Free Report)
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.
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