Altisource Portfolio Solutions (NASDAQ:ASPS) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report issued on Sunday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of ASPS opened at $1.00 on Friday. The firm has a market capitalization of $87.39 million, a PE ratio of -0.70 and a beta of 0.47. Altisource Portfolio Solutions has a 1-year low of $0.22 and a 1-year high of $1.06. The company’s fifty day moving average price is $0.79 and its 200-day moving average price is $0.83.

Insiders Place Their Bets

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 bought at an average price of $0.48 per share, for a total transaction of $101,039.04. Following the completion of the transaction, the chief executive officer now directly owns 310,498 shares of the company’s stock, valued at $149,039.04. This trade represents a 210.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings 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 during the period. Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions during the 4th quarter worth about $302,000. Finally, Nantahala Capital Management LLC increased its holdings 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 during the period. Hedge funds and other institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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.