StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) in a note issued to investors on Sunday. The brokerage set a "sell" rating on the business services provider's stock.
Altisource Portfolio Solutions Stock Performance
Shares of NASDAQ:ASPS remained flat at $1.02 during trading on Friday. The company had a trading volume of 234,652 shares, compared to its average volume of 266,809. The firm has a 50-day moving average of $0.80 and a 200-day moving average of $0.83. The firm has a market capitalization of $89.33 million, a P/E ratio of -0.72 and a beta of 0.47. Altisource Portfolio Solutions has a 12-month low of $0.22 and a 12-month high of $1.14.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter.
Insider Buying and Selling
In other Altisource Portfolio Solutions news, CEO William B. Shepro bought 210,498 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $101,039.04. Following the acquisition, the chief executive officer now directly owns 310,498 shares in the company, valued at approximately $149,039.04. This represents a 210.50 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Altisource Portfolio Solutions
Several large investors have recently added to or reduced their stakes in ASPS. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 16,390 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at $302,000. Finally, Nantahala Capital Management LLC raised its holdings in shares of Altisource Portfolio Solutions by 95.1% in the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock valued at $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. 41.36% of the stock is owned by institutional investors.
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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