Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report)'s stock is going to reverse split on the morning of Wednesday, May 28th. The 1-8 reverse split was announced on Tuesday, May 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 27th.
Altisource Portfolio Solutions Trading Down 1.8%
ASPS stock opened at $0.80 on Friday. Altisource Portfolio Solutions has a 12-month low of $0.22 and a 12-month high of $1.14. The stock has a market cap of $69.98 million, a price-to-earnings ratio of -0.56 and a beta of 0.33. The business's 50-day moving average is $0.84 and its 200 day moving average is $0.81.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.02) earnings per share (EPS) for the quarter.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a report on Tuesday. They issued a "sell" rating on the stock.
Get Our Latest Report on ASPS
Insider Transactions at Altisource Portfolio Solutions
In related news, CEO William B. Shepro bought 210,498 shares of the stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $101,039.04. Following the acquisition, the chief executive officer now directly owns 310,498 shares in the company, valued at approximately $149,039.04. This trade represents a 210.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 16,390 shares during the last quarter. Nantahala Capital Management LLC boosted its holdings in shares of Altisource Portfolio Solutions by 95.1% during 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. XTX Topco Ltd boosted 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 worth $55,000 after purchasing an additional 60,933 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Altisource Portfolio Solutions during the 1st quarter worth approximately $214,000. 41.36% of the stock is currently owned by institutional investors and hedge funds.
Altisource Portfolio Solutions Company Profile
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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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