Altisource Portfolio Solutions (NASDAQ:ASPS) Stock Price Up 5.3% - What's Next?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) traded up 5.3% on Thursday . The company traded as high as $6.61 and last traded at $6.33. 711 shares changed hands during trading, a decline of 98% from the average session volume of 32,526 shares. The stock had previously closed at $6.01.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Altisource Portfolio Solutions in a research note on Wednesday, May 21st. They set a "sell" rating for the company.

Altisource Portfolio Solutions Stock Down 5.0%

The stock has a market capitalization of $486.12 million, a P/E ratio of -3.91 and a beta of 0.33. The firm's 50 day simple moving average is $6.68 and its two-hundred day simple moving average is $6.32.

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

Insider Buying and Selling

In related news, CEO William B. Shepro acquired 26,312 shares of the stock in a transaction on Friday, March 28th. The shares were acquired at an average price 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 in the company, valued at approximately $149,038.08. The trade was a 210.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Altisource Portfolio Solutions in the first quarter valued at approximately $13,442,000. Nantahala Capital Management LLC grew its stake in Altisource Portfolio Solutions by 16.4% in 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 buying an additional 349,028 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Altisource Portfolio Solutions in the 1st quarter worth approximately $214,000. XTX Topco Ltd boosted its stake 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 valued at $55,000 after purchasing an additional 60,933 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at $302,000. Institutional investors own 41.36% of the company's stock.

Altisource Portfolio Solutions Company 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.