Insider Buying: Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO Buys 210,498 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro purchased 210,498 shares of the business’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $0.48 per share, for a total transaction of $101,039.04. Following the completion of the acquisition, the chief executive officer now directly owns 310,498 shares of the company’s stock, valued at approximately $149,039.04. The trade was a 210.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Altisource Portfolio Solutions Stock Up 16.8 %

ASPS opened at $0.82 on Friday. The firm’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.87. The company has a market cap of $22.42 million, a P/E ratio of -0.58 and a beta of 0.47. Altisource Portfolio Solutions S.A. has a 52-week low of $0.22 and a 52-week high of $1.06.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Altisource Portfolio Solutions in a research note on Thursday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions during the fourth quarter valued at $302,000. Geode Capital Management LLC lifted 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 acquiring an additional 16,390 shares during the period. Finally, Nantahala Capital Management LLC grew its stake 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 valued at $1,399,000 after purchasing an additional 1,037,275 shares during the last quarter. 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.