Altisource Portfolio Solutions (NASDAQ:ASPS) CEO William Shepro Purchases 3,511 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro bought 3,511 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $6.02 per share, with a total value of $21,136.22. Following the completion of the acquisition, the chief executive officer directly owned 236,750 shares of the company’s stock, valued at approximately $1,425,235. The trade was a 1.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Altisource Portfolio Solutions Stock Performance

ASPS stock opened at $6.59 on Wednesday. The firm has a 50 day moving average price of $6.61 and a 200-day moving average price of $6.86. Altisource Portfolio Solutions S.A. has a 52-week low of $4.30 and a 52-week high of $15.96. The firm has a market capitalization of $74.34 million, a price-to-earnings ratio of 12.20 and a beta of 0.31.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.19 earnings per share (EPS) for the quarter. Altisource Portfolio Solutions had a net margin of 3.61% and a negative return on equity of 2.50%. As a group, sell-side analysts forecast that Altisource Portfolio Solutions S.A. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Altisource Portfolio Solutions in the first quarter worth about $13,442,000. Vanguard Group Inc. raised its holdings 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 worth $4,391,000 after buying an additional 110,888 shares during the last quarter. Potomac Capital Management Inc. purchased a new position in Altisource Portfolio Solutions in the fourth quarter worth about $700,000. XTX Topco Ltd bought a new stake in shares of Altisource Portfolio Solutions in the third quarter worth approximately $589,000. Finally, Millennium Management LLC bought a new stake in shares of Altisource Portfolio Solutions in the third quarter worth approximately $141,000. 41.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ASPS shares. B. Riley Financial started coverage on shares of Altisource Portfolio Solutions in a report on Thursday, April 2nd. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings cut shares of Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

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.