Altisource Portfolio Solutions (NASDAQ:ASPS) CEO Purchases $21,136.22 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro purchased 3,511 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $6.02 per share, with a total value of $21,136.22. Following the completion of the transaction, the chief executive officer directly owned 236,750 shares of the company’s stock, valued at $1,425,235. This represents a 1.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Altisource Portfolio Solutions Stock Performance

Shares of ASPS opened at $6.74 on Friday. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $15.96. The stock has a market capitalization of $76.03 million, a price-to-earnings ratio of 12.48 and a beta of 0.31. The stock has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.82.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.19 EPS for the quarter. Altisource Portfolio Solutions had a negative return on equity of 2.50% and a net margin of 3.61%. On average, analysts predict that Altisource Portfolio Solutions S.A. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ASPS. Weiss Ratings cut Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. B. Riley Financial began coverage on 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 analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Altisource Portfolio Solutions presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Altisource Portfolio Solutions during the 1st quarter worth $13,442,000. Deer Park Road Corp grew its holdings in shares of Altisource Portfolio Solutions by 0.6% during the 3rd quarter. Deer Park Road Corp now owns 1,485,539 shares of the business services provider’s stock worth $17,321,000 after purchasing an additional 8,211 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 110,888 shares during the period. Potomac Capital Management Inc. purchased a new position in shares of Altisource Portfolio Solutions during the 4th quarter worth $700,000. Finally, XTX Topco Ltd purchased a new position in shares of Altisource Portfolio Solutions during the 3rd quarter worth $589,000. 41.36% of the stock is currently owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Company Profile

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.