Altisource Portfolio Solutions (NASDAQ:ASPS) Shares Gap Down - Time to Sell?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.38, but opened at $5.76. Altisource Portfolio Solutions shares last traded at $5.70, with a volume of 3,302 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Altisource Portfolio Solutions in a report on Wednesday, May 21st. They set a "sell" rating on the stock.

Altisource Portfolio Solutions Price Performance

The stock's fifty day moving average price is $0.83 and its 200-day moving average price is $0.79. The firm has a market cap of $532.11 million, a price-to-earnings ratio of -4.28 and a beta of 0.33.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.16) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Altisource Portfolio Solutions

In related news, CEO William B. Shepro bought 26,312 shares of the firm's stock in a transaction on Friday, March 28th. The stock was bought at an average price of $3.84 per share, with a total value of $101,038.08. Following the purchase, the chief executive officer now directly owns 38,812 shares of the company's stock, valued at approximately $149,038.08. This represents a 210.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake 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 valued at $131,000 after buying an additional 16,390 shares during the period. XTX Topco Ltd increased its stake 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 worth $55,000 after purchasing an additional 60,933 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Altisource Portfolio Solutions during the 1st quarter worth $214,000. Nantahala Capital Management LLC increased its stake in shares of Altisource Portfolio Solutions by 16.4% during the 1st quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock worth $1,687,000 after purchasing an additional 349,028 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Altisource Portfolio Solutions during the 4th quarter worth $302,000. Institutional investors and hedge funds own 41.36% of the company's stock.

About Altisource Portfolio Solutions

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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