Altisource Portfolio Solutions SA (NASDAQ:ASPS) Director W Michael Linn sold 4,809 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $25.65, for a total value of $123,350.85. Following the transaction, the director now directly owns 17,193 shares of the company’s stock, valued at $441,000.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) opened at 26.00 on Wednesday. The stock has a 50 day moving average price of $29.01 and a 200-day moving average price of $28.77. Altisource Portfolio Solutions SA has a 52-week low of $17.33 and a 52-week high of $36.73. The firm has a market capitalization of $490.80 million, a PE ratio of 125.60 and a beta of 1.08.

Altisource Portfolio Solutions SA (NASDAQ:ASPS) last issued its earnings results on Thursday, October 27th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by $0.54. Altisource Portfolio Solutions SA had a net margin of 0.39% and a return on equity of 177.60%. The firm earned $252.75 million during the quarter, compared to the consensus estimate of $235.67 million. During the same period in the previous year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was down 7.3% on a year-over-year basis. Equities analysts forecast that Altisource Portfolio Solutions SA will post $5.33 EPS for the current year.

Insider Buying and Selling by Quarter for Altisource Portfolio Solutions SA (NASDAQ:ASPS)

ASPS has been the subject of several recent research reports. Compass Point raised Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $31.00 in a research report on Wednesday, August 10th. Zacks Investment Research cut Altisource Portfolio Solutions SA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 1st.

A number of hedge funds have recently modified their holdings of the stock. Omega Advisors Inc. raised its stake in shares of Altisource Portfolio Solutions SA by 5.2% in the third quarter. Omega Advisors Inc. now owns 2,219,030 shares of the company’s stock worth $71,897,000 after buying an additional 109,005 shares during the last quarter. Numeric Investors LLC raised its stake in shares of Altisource Portfolio Solutions SA by 820.4% in the second quarter. Numeric Investors LLC now owns 597,672 shares of the company’s stock worth $16,639,000 after buying an additional 532,735 shares in the last quarter. CQS Cayman LP raised its stake in shares of Altisource Portfolio Solutions SA by 7.1% in the third quarter. CQS Cayman LP now owns 375,000 shares of the company’s stock worth $12,150,000 after buying an additional 25,000 shares in the last quarter. Morgan Stanley raised its stake in shares of Altisource Portfolio Solutions SA by 189.2% in the third quarter. Morgan Stanley now owns 368,455 shares of the company’s stock worth $11,938,000 after buying an additional 241,030 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Altisource Portfolio Solutions SA by 211.5% in the second quarter. Prudential Financial Inc. now owns 333,000 shares of the company’s stock worth $9,271,000 after buying an additional 226,100 shares in the last quarter. 68.69% of the stock is owned by institutional investors and hedge funds.

Altisource Portfolio Solutions SA Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.

5 Day Chart for NASDAQ:ASPS

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