Altisource Portfolio Solutions (NASDAQ:ASPS) Director Matthew Winkler Acquires 2,000 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Matthew Winkler bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $5.60 per share, for a total transaction of $11,200.00. Following the transaction, the director owned 41,989 shares in the company, valued at $235,138.40. This trade represents a 5.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Altisource Portfolio Solutions Stock Down 0.5%

NASDAQ ASPS opened at $5.45 on Tuesday. The company has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $6.41. Altisource Portfolio Solutions S.A. has a 12-month low of $4.30 and a 12-month high of $14.36. The firm has a market cap of $62.24 million, a price-to-earnings ratio of -5.50 and a beta of 0.27.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data 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 return on equity of 1.69% and a negative net margin of 5.93%. Equities analysts expect that Altisource Portfolio Solutions S.A. will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Altisource Portfolio Solutions in the 4th quarter worth approximately $75,000. Millennium Management LLC bought a new stake in Altisource Portfolio Solutions in the third quarter valued at $141,000. XTX Topco Ltd purchased a new position in Altisource Portfolio Solutions during the 3rd quarter valued at $589,000. Potomac Capital Management Inc. bought a new position in Altisource Portfolio Solutions in the 4th quarter worth $700,000. Finally, Vanguard Group Inc. raised its holdings in Altisource Portfolio Solutions by 41.7% in the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after purchasing an additional 110,888 shares in the last quarter. Institutional investors own 41.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research lowered 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.00.

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.