Matthew Winkler Purchases 2,000 Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Matthew Winkler acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $5.60 per share, for a total transaction of $11,200.00. Following the completion of the acquisition, the director directly owned 41,989 shares in the company, valued at approximately $235,138.40. The trade was a 5.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Altisource Portfolio Solutions Stock Performance

NASDAQ:ASPS opened at $5.49 on Wednesday. The firm’s fifty day moving average is $6.27 and its two-hundred day moving average is $6.41. The firm has a market cap of $62.70 million, a price-to-earnings ratio of -5.55 and a beta of 0.27. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $14.36.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research lowered shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Altisource Portfolio Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Altisource Portfolio Solutions has a consensus rating of “Hold” and a consensus price target of $8.00.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of large investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Altisource Portfolio Solutions during the first quarter valued at $13,442,000. Vanguard Group Inc. increased its stake in shares of Altisource Portfolio Solutions by 41.7% during the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after purchasing an additional 110,888 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth about $141,000. XTX Topco Ltd acquired a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth about $589,000. Finally, Potomac Capital Management Inc. purchased a new position in Altisource Portfolio Solutions in the 4th quarter valued at about $700,000. 41.36% of the stock is currently owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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.