Altisource Portfolio Solutions (NASDAQ:ASPS) CEO William Shepro Buys 4,000 Shares

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $5.18 per share, with a total value of $20,720.00. Following the transaction, the chief executive officer owned 8,686 shares of the company’s stock, valued at $44,993.48. The trade was a 85.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Altisource Portfolio Solutions Stock Down 0.8%

NASDAQ ASPS traded down $0.04 on Wednesday, reaching $5.11. The company had a trading volume of 6,907 shares, compared to its average volume of 26,466. The stock has a market capitalization of $58.32 million, a PE ratio of -5.31 and a beta of 0.25. The firm’s 50 day moving average price is $6.62 and its 200 day moving average price is $6.43. Altisource Portfolio Solutions S.A. has a 12 month low of $4.30 and a 12 month high of $14.36.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative net margin of 5.93% and a negative return on equity of 1.69%. The company had revenue of $50.66 million for the quarter, compared to the consensus estimate of $42.90 million. On average, research analysts expect that Altisource Portfolio Solutions S.A. will post 0.49 EPS for the current year.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Several hedge funds have recently made changes to their positions in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Altisource Portfolio Solutions in the first quarter valued at about $13,442,000. Vanguard Group Inc. raised its position in shares of Altisource Portfolio Solutions by 41.7% during the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after acquiring an additional 110,888 shares in the last quarter. Millennium Management LLC acquired a new stake in Altisource Portfolio Solutions during the third quarter worth approximately $141,000. XTX Topco Ltd purchased a new stake in shares of Altisource Portfolio Solutions during the 3rd quarter worth approximately $589,000. Finally, Potomac Capital Management Inc. purchased a new position in shares of Altisource Portfolio Solutions in the 4th quarter valued at $700,000. 41.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ASPS shares. Weiss Ratings raised Altisource Portfolio Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. B. Riley Financial assumed coverage on shares of Altisource Portfolio Solutions in a report on Thursday, April 2nd. They issued a “buy” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.

Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.