Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note published on Friday. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Trading Down 3.9 %

Altisource Portfolio Solutions stock opened at $0.76 on Friday. The firm has a market capitalization of $66.57 million, a P/E ratio of -0.54 and a beta of 0.47. The business has a 50-day moving average of $0.80 and a 200-day moving average of $0.85. Altisource Portfolio Solutions has a 1 year low of $0.22 and a 1 year high of $1.06.

Insider Buying and Selling at Altisource Portfolio Solutions

In other news, CEO William B. Shepro purchased 210,498 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of $0.48 per share, with a total value of $101,039.04. Following the completion of the transaction, the chief executive officer now directly owns 310,498 shares in the company, valued at $149,039.04. This trade represents a 210.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Trading of Altisource Portfolio Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC grew its stake in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 1,037,275 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Altisource Portfolio Solutions during the 4th quarter valued at about $302,000. Finally, Geode Capital Management LLC grew its position in shares of Altisource Portfolio Solutions by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 16,390 shares during the period. Institutional investors and hedge funds 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.