Nantahala Capital Management LLC Acquires 349,028 Shares of Altisource Portfolio Solutions S.A. $ASPS

Key Points

• Nantahala Capital Management LLC raised its stake in Altisource Portfolio Solutions S.A. by 16.4% during the first quarter, owning about 2.83% of the company worth $1.68 million.
• Altisource's stock has shown significant volatility, with a 52-week low of $3.46 and a high of $15.96, and currently trading at $11.46.
• Analysts recently upgraded Altisource from a "hold" to a "buy" rating, indicating growing confidence in the company's future performance.

Nantahala Capital Management LLC increased its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,477,312 shares of the business services provider's stock after buying an additional 349,028 shares during the period. Nantahala Capital Management LLC owned about 2.83% of Altisource Portfolio Solutions worth $1,687,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd boosted its position in 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 buying an additional 60,933 shares during the period. Geode Capital Management LLC boosted its position in 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 period. Jefferies Financial Group Inc. acquired a new stake in Altisource Portfolio Solutions during the 1st quarter worth approximately $214,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. 41.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Altisource Portfolio Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Altisource Portfolio Solutions Trading Up 2.2%

NASDAQ ASPS traded up $0.24 on Friday, hitting $11.27. 14,788 shares of the company were exchanged, compared to its average volume of 12,222. The company has a market cap of $123.86 million, a PE ratio of -2.58 and a beta of 0.30. Altisource Portfolio Solutions S.A. has a 12 month low of $3.46 and a 12 month high of $15.96. The stock has a fifty day moving average of $11.39 and a 200-day moving average of $8.46.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $40.79 million for the quarter.

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.