Altisource Portfolio Solutions (NASDAQ:ASPS) CEO William Shepro Buys 4,000 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro acquired 4,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was acquired at an average cost of $5.18 per share, for a total transaction of $20,720.00. Following the acquisition, the chief executive officer directly owned 8,686 shares in the company, valued at $44,993.48. This represents a 85.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Altisource Portfolio Solutions Trading Down 0.8%

NASDAQ ASPS opened at $5.11 on Thursday. The stock has a market capitalization of $58.36 million, a price-to-earnings ratio of -5.16 and a beta of 0.25. The business’s 50 day moving average is $6.60 and its two-hundred day moving average is $6.42. Altisource Portfolio Solutions S.A. has a 12-month low of $4.30 and a 12-month high of $14.36.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative net margin of 5.93% and a negative return on equity of 1.69%. The business had revenue of $50.66 million during the quarter, compared to analyst estimates of $42.90 million. Equities analysts forecast that Altisource Portfolio Solutions S.A. will post 0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ASPS has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (e+)” rating in a report on Tuesday. Zacks Research downgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, B. Riley Financial began coverage on shares of Altisource Portfolio Solutions in a research note on Thursday, April 2nd. They issued a “buy” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.00.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Altisource Portfolio Solutions during the fourth quarter worth $75,000. Potomac Capital Management Inc. acquired a new stake in Altisource Portfolio Solutions in the fourth quarter valued at $700,000. XTX Topco Ltd purchased a new position in shares of Altisource Portfolio Solutions in the third quarter valued at $589,000. Millennium Management LLC purchased a new position in shares of Altisource Portfolio Solutions in the third quarter valued at $141,000. Finally, Vanguard Group Inc. raised its stake in shares of 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 worth $4,391,000 after buying an additional 110,888 shares during the last quarter. 41.36% of the stock is owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions Company Profile

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.