Key Points
- Director Matthew Winkler purchased 2,000 ASPS shares at an average price of $5.60, investing $11,200 and increasing his direct stake by 5% to 41,989 shares.
- Altisource Portfolio Solutions shares opened at $5.45, well below their 52-week high of $14.36. The company recently reported quarterly EPS of $0.17, missing the $0.20 consensus estimate, and maintains negative net margins.
- Analyst sentiment remains mixed, with an overall “Hold” rating and an $8.00 average price target; institutional investors own 41.36% of the company, including Vanguard’s 376,594-share position.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) Director Matthew Winkler bought 2,000 shares of Altisource Portfolio Solutions stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $11,200.00. Following the acquisition, the director directly owned 41,989 shares in the company, valued at approximately $235,138.40. This trade represents a 5.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Altisource Portfolio Solutions Stock Down 0.5%
ASPS opened at $5.45 on Tuesday. Altisource Portfolio Solutions S.A. has a 52 week low of $4.30 and a 52 week high of $14.36. The stock has a market cap of $62.24 million, a PE ratio of -5.50 and a beta of 0.27. The business has a 50 day moving average of $6.30 and a 200-day moving average of $6.41.
Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Altisource Portfolio Solutions S.A. will post 0.37 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on ASPS shares. Zacks Research lowered 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 shares of 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 given a Sell rating to the company. According to MarketBeat.com, Altisource Portfolio Solutions currently has an average rating of "Hold" and an average target price of $8.00.
View Our Latest Stock Analysis on Altisource Portfolio Solutions
Institutional Investors Weigh In On Altisource Portfolio Solutions
Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Altisource Portfolio Solutions in the fourth quarter worth $75,000. Millennium Management LLC bought a new position in Altisource Portfolio Solutions in the 3rd quarter worth about $141,000. XTX Topco Ltd bought a new position in Altisource Portfolio Solutions in the 3rd quarter worth about $589,000. Potomac Capital Management Inc. purchased a new stake in Altisource Portfolio Solutions during the 4th quarter valued at about $700,000. Finally, Vanguard Group Inc. grew its position in 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 valued at $4,391,000 after purchasing an additional 110,888 shares during the last quarter. 41.36% of the stock is owned by institutional investors.
Altisource Portfolio Solutions Company Profile
(
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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