Altisource Portfolio Solutions (NASDAQ:ASPS) Director Matthew Winkler Acquires 2,000 Shares

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Matthew Winkler purchased 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $5.60 per share, with a total value of $11,200.00. Following the completion of the acquisition, the director directly owned 41,989 shares of the company’s stock, valued at approximately $235,138.40. This trade represents a 5.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Altisource Portfolio Solutions Stock Up 0.6%

ASPS traded up $0.04 during trading on Monday, reaching $5.51. 1,695 shares of the company were exchanged, compared to its average volume of 25,564. Altisource Portfolio Solutions S.A. has a 12-month low of $4.30 and a 12-month high of $14.36. The company has a market cap of $62.98 million, a price-to-earnings ratio of -5.57 and a beta of 0.27. The company’s 50-day moving average is $6.32 and its two-hundred day moving average is $6.40.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Thursday, July 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative return on equity of 1.69% and a negative net margin of 5.93%. Equities analysts forecast that Altisource Portfolio Solutions S.A. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ASPS. Zacks Research downgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Altisource Portfolio Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.00.

Institutional Trading of Altisource Portfolio Solutions

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

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.