Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by Analysts at Wall Street Zen

Wall Street Zen started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS - Free Report) in a research report report published on Wednesday morning. The brokerage issued a sell rating on the business services provider's stock.

Altisource Portfolio Solutions Trading Up 2.0%

Shares of NASDAQ:ASPS traded up $0.02 during midday trading on Wednesday, hitting $0.85. The company had a trading volume of 109,546 shares, compared to its average volume of 262,167. Altisource Portfolio Solutions has a 12 month low of $0.22 and a 12 month high of $1.14. The stock has a market cap of $74.19 million, a price-to-earnings ratio of -0.60 and a beta of 0.33. The firm has a fifty day simple moving average of $0.83 and a 200 day simple moving average of $0.79.

Altisource Portfolio Solutions shares are scheduled to reverse split on the morning of Wednesday, May 28th. The 1-8 reverse split was announced on Tuesday, May 13th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 27th.

Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter.

Insider Activity

In other Altisource Portfolio Solutions news, CEO William B. Shepro bought 210,498 shares of Altisource Portfolio Solutions stock in a transaction on 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 completion of the acquisition, the chief executive officer now owns 310,498 shares in the company, valued at approximately $149,039.04. The trade was a 210.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Altisource Portfolio Solutions during the 1st quarter worth approximately $13,442,000. Nantahala Capital Management LLC boosted its holdings in shares of 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 valued at $1,687,000 after buying an additional 349,028 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Altisource Portfolio Solutions during the first quarter worth $214,000. XTX Topco Ltd raised its holdings in shares of Altisource Portfolio Solutions by 306.4% during 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. Finally, Integrated Wealth Concepts LLC bought a new stake in Altisource Portfolio Solutions in the 4th quarter valued at $302,000. 41.36% of the stock is currently owned by institutional investors.

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.