Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.47 and traded as high as $11.14. Altisource Portfolio Solutions shares last traded at $10.80, with a volume of 592,507 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen began coverage on shares of Altisource Portfolio Solutions in a report on Wednesday, May 21st. They issued a "sell" rating for the company.
Read Our Latest Report on Altisource Portfolio Solutions
Altisource Portfolio Solutions Trading Up 4.7%
The company has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $6.50. The stock has a market capitalization of $118.87 million, a PE ratio of -1.31 and a beta of 0.03.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported ($0.16) EPS for the quarter.
Insider Buying and Selling
In related news, CEO William B. Shepro bought 26,312 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $3.84 per share, with a total value of $101,038.08. Following the completion of the transaction, the chief executive officer now owns 38,812 shares of the company's stock, valued at approximately $149,038.08. The trade was a 210.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by insiders.
Hedge Funds Weigh In On Altisource Portfolio Solutions
A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased 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 buying an additional 16,390 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions during the fourth quarter valued at about $302,000. Nantahala Capital Management LLC increased its stake in Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock worth $1,399,000 after acquiring an additional 1,037,275 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Altisource Portfolio Solutions by 306.4% in 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 period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Altisource Portfolio Solutions in 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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