Nantahala Capital Management LLC raised its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report) by 95.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,128,284 shares of the business services provider's stock after buying an additional 1,037,275 shares during the quarter. Nantahala Capital Management LLC owned 7.82% of Altisource Portfolio Solutions worth $1,399,000 at the end of the most recent quarter.
Separately, Geode Capital Management LLC increased its holdings in Altisource Portfolio Solutions by 8.9% in the fourth 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. 41.36% of the stock is owned by institutional investors.
Altisource Portfolio Solutions Price Performance
NASDAQ ASPS remained flat at $1.02 during trading hours on Thursday. 234,652 shares of the company traded hands, compared to its average volume of 266,809. The stock has a fifty day moving average of $0.80 and a two-hundred day moving average of $0.83. Altisource Portfolio Solutions S.A. has a fifty-two week low of $0.22 and a fifty-two week high of $1.14. The firm has a market cap of $89.33 million, a price-to-earnings ratio of -0.72 and a beta of 0.47.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported ($0.02) EPS for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a research report on Sunday. They issued a "sell" rating for the company.
Check Out Our Latest Analysis on Altisource Portfolio Solutions
Insider Buying and Selling at Altisource Portfolio Solutions
In related news, CEO William B. Shepro acquired 210,498 shares of the stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $0.48 per share, with a total value of $101,039.04. Following the completion of the transaction, the chief executive officer now directly owns 310,498 shares of the company's stock, valued at approximately $149,039.04. The trade was a 210.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.
Altisource Portfolio Solutions Company Profile
(
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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