Key Points
- CEO William Shepro bought 3,511 shares of Altisource Portfolio Solutions at an average price of $6.02, a purchase worth about $21,136. The trade increased his direct ownership to 236,750 shares, according to an SEC filing.
- ASPS shares rose 8.9% and opened at $6.59 on Wednesday, with the stock trading near its 50-day and 200-day moving averages. The company’s market cap is about $74.34 million, and shares have ranged from $4.30 to $15.96 over the past year.
- Analysts currently have a Moderate Buy consensus on Altisource Portfolio Solutions, with a median price target of $8.00. Recent commentary includes Weiss Ratings lowering its view to “sell” while B. Riley Financial initiated coverage with a “buy” rating.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) CEO William Shepro purchased 3,511 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $6.02 per share, with a total value of $21,136.22. Following the completion of the purchase, the chief executive officer directly owned 236,750 shares of the company's stock, valued at approximately $1,425,235. This trade represents a 1.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Altisource Portfolio Solutions Stock Up 8.9%
Shares of ASPS stock opened at $6.59 on Wednesday. The company has a 50 day moving average price of $6.61 and a 200-day moving average price of $6.86. Altisource Portfolio Solutions S.A. has a 52 week low of $4.30 and a 52 week high of $15.96. The firm has a market capitalization of $74.34 million, a PE ratio of 12.20 and a beta of 0.31.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.19 EPS for the quarter. Altisource Portfolio Solutions had a net margin of 3.61% and a negative return on equity of 2.50%. Analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.49 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on ASPS shares. Weiss Ratings lowered shares of Altisource Portfolio Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, May 18th. B. Riley Financial initiated coverage on shares of Altisource Portfolio Solutions in a research report on Thursday, April 2nd. They set 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Altisource Portfolio Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.00.
Read Our Latest Analysis on Altisource Portfolio Solutions
Institutional Trading of Altisource Portfolio Solutions
Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Altisource Portfolio Solutions during the fourth quarter valued at approximately $75,000. Millennium Management LLC bought a new stake in Altisource Portfolio Solutions during the third quarter valued at approximately $141,000. XTX Topco Ltd bought a new stake in Altisource Portfolio Solutions during the third quarter valued at approximately $589,000. Potomac Capital Management Inc. bought a new stake in Altisource Portfolio Solutions during the fourth quarter valued at approximately $700,000. Finally, Vanguard Group Inc. grew its position in Altisource Portfolio Solutions by 41.7% during 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. 41.36% of the stock is currently owned by institutional investors.
About Altisource Portfolio Solutions
(
Get Free Report)
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.
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