Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Orin S. Kramer bought 25,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average cost of $22.34 per share, for a total transaction of $558,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) opened at 23.15 on Monday. The firm has a market capitalization of $417.81 million, a P/E ratio of 76.66 and a beta of 0.76. Altisource Portfolio Solutions S.A. has a 52 week low of $16.17 and a 52 week high of $46.99. The stock has a 50 day moving average price of $22.97 and a 200-day moving average price of $24.86.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.19. Altisource Portfolio Solutions had a return on equity of 82.95% and a net margin of 0.60%. The firm had revenue of $250.69 million for the quarter, compared to analysts’ expectations of $239.30 million. During the same period last year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that Altisource Portfolio Solutions S.A. will post $2.83 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/04/altisource-portfolio-solutions-s-a-asps-director-acquires-558500-00-in-stock.html.

Several research analysts have commented on ASPS shares. TheStreet downgraded Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a report on Monday, May 15th. BidaskClub downgraded Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Compass Point raised Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $7.00 to $15.00 in a report on Tuesday, July 25th. ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC grew its stake in shares of Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,576 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Altisource Portfolio Solutions in the first quarter worth about $201,000. Parametric Portfolio Associates LLC bought a new stake in shares of Altisource Portfolio Solutions in the first quarter worth about $244,000. American International Group Inc. grew its stake in shares of Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock worth $262,000 after purchasing an additional 473 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new stake in shares of Altisource Portfolio Solutions in the first quarter worth about $309,000. 54.85% of the stock is currently owned by institutional investors.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

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

Receive News & Stock Ratings for Altisource Portfolio Solutions S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions S.A. and related stocks with our FREE daily email newsletter.