Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 246,200 shares, an increase of 26.0% from the May 15th total of 195,400 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 19,200 shares, the days-to-cover ratio is currently 12.8 days.
Insider Activity
In other Altisource Portfolio Solutions news, CEO William B. Shepro purchased 26,312 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $3.84 per share, for a total transaction of $101,038.08. Following the purchase, the chief executive officer now directly owns 38,812 shares in the company, valued at approximately $149,038.08. This trade represents a 210.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.30% of the company's stock.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A number of large investors have recently made changes to their positions in ASPS. Geode Capital Management LLC grew its position 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 acquiring an additional 16,390 shares during the period. XTX Topco Ltd grew its position in Altisource Portfolio Solutions by 306.4% in the first quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider's stock worth $55,000 after acquiring an additional 60,933 shares during the period. Jefferies Financial Group Inc. purchased a new position in Altisource Portfolio Solutions in the first quarter worth approximately $214,000. Nantahala Capital Management LLC grew its position in Altisource Portfolio Solutions by 16.4% in the first quarter. Nantahala Capital Management LLC now owns 2,477,312 shares of the business services provider's stock worth $1,687,000 after acquiring an additional 349,028 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Altisource Portfolio Solutions in the fourth quarter worth approximately $302,000. 41.36% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on Altisource Portfolio Solutions in a research note on Wednesday, May 21st. They set a "sell" rating for the company.
View Our Latest Analysis on Altisource Portfolio Solutions
Altisource Portfolio Solutions Trading Up 7.7%
NASDAQ:ASPS traded up $0.77 during trading hours on Friday, hitting $10.80. 592,507 shares of the stock were exchanged, compared to its average volume of 36,349. Altisource Portfolio Solutions has a 52-week low of $1.73 and a 52-week high of $11.14. The firm's fifty day moving average price is $7.23 and its 200 day moving average price is $6.47. The company has a market cap of $120.10 million, a P/E ratio of -1.32 and a beta of 0.03.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.16) EPS for the quarter.
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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