Insider Buying: Altisource Portfolio Solutions (NASDAQ:ASPS) Director Acquires $11,200.00 in Stock

Key Points

• Insider purchase: Director Matthew Winkler bought 2,000 Altisource Portfolio Solutions shares at $5.60 each, investing $11,200 and increasing his ownership by 5% to 41,989 shares.
• Weak financial performance: The company reported quarterly EPS of $0.17, below the $0.20 analyst consensus, while maintaining negative net margin and return on equity.
• Mixed-to-negative outlook: Analysts have a consensus “Hold” rating and an $8.00 price target, although Zacks downgraded the stock to “strong sell.” Institutional investors own 41.36% of the company.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) Director Matthew Winkler acquired 2,000 shares of Altisource Portfolio Solutions stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $5.60 per share, with a total value of $11,200.00. Following the completion of the transaction, the director owned 41,989 shares of the company's stock, valued at approximately $235,138.40. This trade represents a 5.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Altisource Portfolio Solutions Stock Performance

NASDAQ:ASPS traded up $0.04 during mid-day trading on Monday, reaching $5.51. 1,695 shares of the company's stock were exchanged, compared to its average volume of 25,564. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $14.36. The business's fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $6.40. The firm has a market capitalization of $62.98 million, a PE ratio of -5.57 and a beta of 0.27.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative net margin of 5.93% and a negative return on equity of 1.69%. As a group, equities research analysts forecast that Altisource Portfolio Solutions S.A. will post 0.37 EPS for the current year.

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 acquired a new position in shares of Altisource Portfolio Solutions during the first quarter worth $13,442,000. Vanguard Group Inc. lifted its stake in Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider's stock valued at $4,391,000 after buying an additional 110,888 shares during the period. Potomac Capital Management Inc. bought a new position in Altisource Portfolio Solutions during the fourth quarter worth $700,000. XTX Topco Ltd acquired a new stake in Altisource Portfolio Solutions in the third quarter valued at approximately $589,000. Finally, Millennium Management LLC bought a new stake in Altisource Portfolio Solutions during the 3rd quarter worth approximately $141,000. Institutional investors and hedge funds own 41.36% of the company's stock.

Analysts Set New Price Targets

ASPS has been the topic of a number of recent research reports. Weiss Ratings upgraded Altisource Portfolio Solutions from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 17th. Zacks Research downgraded Altisource Portfolio Solutions from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8.00.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA NASDAQ: ASPS is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.

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