Altisource Portfolio Solutions (NASDAQ:ASPS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report published on Friday morning. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Trading Down 27.2 %

NASDAQ:ASPS opened at $0.84 on Friday. The stock has a market capitalization of $22.79 million, a PE ratio of -0.59 and a beta of 0.90. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.17. The firm has a fifty day simple moving average of $0.75 and a 200 day simple moving average of $0.97.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after buying an additional 16,390 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Altisource Portfolio Solutions in the 4th quarter valued at $302,000. Finally, Nantahala Capital Management LLC lifted its holdings in 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 valued at $1,399,000 after purchasing an additional 1,037,275 shares during the last quarter. Institutional investors own 41.36% of the company’s stock.

About Altisource Portfolio Solutions

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.