Research analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) in a note issued to investors on Sunday. The firm set a "sell" rating on the business services provider's stock.
Altisource Portfolio Solutions Trading Up 15.6 %
Shares of NASDAQ:ASPS traded up $0.13 during mid-day trading on Friday, reaching $1.00. The stock had a trading volume of 151,995 shares, compared to its average volume of 265,487. The company has a market cap of $87.39 million, a P/E ratio of -0.70 and a beta of 0.47. Altisource Portfolio Solutions has a 1 year low of $0.22 and a 1 year high of $1.06. The business's 50 day moving average price is $0.79 and its 200 day moving average price is $0.83.
Insider Buying and Selling at Altisource Portfolio Solutions
In other Altisource Portfolio Solutions news, CEO William B. Shepro purchased 210,498 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $101,039.04. Following the completion of the acquisition, the chief executive officer now owns 310,498 shares in the company, valued at $149,039.04. This represents a 210.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock valued at $131,000 after acquiring an additional 16,390 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Altisource Portfolio Solutions in the 4th quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC grew its stake in shares of Altisource Portfolio Solutions by 95.1% during the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock worth $1,399,000 after purchasing an additional 1,037,275 shares during the period. Institutional investors own 41.36% of the company's stock.
Altisource Portfolio Solutions Company Profile
(
Get Free Report)
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.
Read More
Before you consider Altisource Portfolio Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altisource Portfolio Solutions wasn't on the list.
While Altisource Portfolio Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
