Benefit Street Partners Llc Acquires 48,991 Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Benefit Street Partners Llc purchased 48,991 shares of Altisource Portfolio Solutions stock in a transaction dated Monday, August 3rd. The shares were purchased at an average price of $5.78 per share, for a total transaction of $283,167.98. Following the completion of the acquisition, the insider owned 1,803,045 shares of the company’s stock, valued at approximately $10,421,600.10. The trade was a 2.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Benefit Street Partners Llc also recently made the following trade(s):

• On Friday, July 31st, Benefit Street Partners Llc acquired 1,009 shares of Altisource Portfolio Solutions stock. The stock was acquired at an average price of $5.43 per share, with a total value of $5,478.87.

Altisource Portfolio Solutions Price Performance

NASDAQ:ASPS opened at $5.59 on Thursday. The firm’s 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.40. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $14.36. The company has a market cap of $63.84 million, a PE ratio of -5.65 and a beta of 0.27.

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 research analysts expect that Altisource Portfolio Solutions S.A. will post 0.37 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ASPS shares. Zacks Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings downgraded Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Altisource Portfolio Solutions in the 4th quarter worth approximately $75,000. Potomac Capital Management Inc. acquired a new stake in shares of Altisource Portfolio Solutions during the fourth quarter worth $700,000. XTX Topco Ltd bought a new position in Altisource Portfolio Solutions during the third quarter worth $589,000. Millennium Management LLC bought a new position in Altisource Portfolio Solutions during the third quarter worth $141,000. Finally, Vanguard Group Inc. lifted its holdings in Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock valued at $4,391,000 after buying an additional 110,888 shares during the period. Institutional investors own 41.36% of the company’s stock.

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.