Altisource Portfolio Solutions (NASDAQ:ASPS) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a note issued to investors on Monday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

NASDAQ ASPS opened at $0.79 on Monday. Altisource Portfolio Solutions has a 12 month low of $0.43 and a 12 month high of $2.75. The company has a 50-day moving average of $0.76 and a 200-day moving average of $0.91. The company has a market cap of $21.57 million, a P/E ratio of -0.56 and a beta of 0.87.

Institutional Trading of Altisource Portfolio Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC increased its position in Altisource Portfolio Solutions by 95.1% during the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. Institutional investors and hedge funds own 41.36% of the company’s stock.

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.