Altisource Asset Management (NYSE:AAMC) Posts Quarterly Earnings Results

Altisource Asset Management (NYSE:AAMCGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $49.98 earnings per share (EPS) for the quarter, reports. The firm had revenue of $0.23 million during the quarter.

Altisource Asset Management Stock Up 1.1 %

Altisource Asset Management stock opened at $2.75 on Friday. The firm’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.87. Altisource Asset Management has a 52 week low of $1.84 and a 52 week high of $30.37. The firm has a market capitalization of $7.01 million, a PE ratio of 0.07 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Altisource Asset Management in a research note on Wednesday, January 24th. They issued a “sell” rating on the stock.

View Our Latest Report on AAMC

Institutional Trading of Altisource Asset Management

A hedge fund recently bought a new stake in Altisource Asset Management stock. Deuterium Capital Management LLC acquired a new stake in Altisource Asset Management Co. (NYSE:AAMCFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,902 shares of the company’s stock, valued at approximately $53,000. Deuterium Capital Management LLC owned about 0.47% of Altisource Asset Management at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.71% of the company’s stock.

Altisource Asset Management Company Profile

(Get Free Report)

AAMC has historically been an asset management company that provides portfolio management and corporate governance services to investment vehicles but given the sale and discontinuance of certain operations the Company is in the process of repositioning itself. Additional information is available at www.altisourceamc.com.

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Earnings History for Altisource Asset Management (NYSE:AAMC)

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