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

StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report released on Wednesday. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

ASPS opened at $0.72 on Wednesday. The company has a market cap of $19.55 million, a price-to-earnings ratio of -0.51 and a beta of 0.87. Altisource Portfolio Solutions has a one year low of $0.43 and a one year high of $2.11. The business’s fifty day moving average is $0.78 and its two-hundred day moving average is $0.88.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Altisource Portfolio Solutions by 8.9% in the fourth 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC raised its position in shares of 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 last quarter. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

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.