Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Roland Mueller-Ineichen purchased 616 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of $17.86 per share, for a total transaction of $11,001.76. Following the completion of the purchase, the director now owns 33,634 shares of the company’s stock, valued at $600,703.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of ASPS stock opened at $17.95 on Friday. The stock’s 50-day moving average is $20.21 and its two-hundred day moving average is $20.77. The firm has a market cap of $279.57 million, a price-to-earnings ratio of -56.09 and a beta of 1.12. Altisource Portfolio Solutions S.A. has a 1 year low of $15.30 and a 1 year high of $27.08. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.10 and a current ratio of 2.11.
Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $141.49 million for the quarter, compared to analyst estimates of $154.00 million. Altisource Portfolio Solutions had a negative return on equity of 4.58% and a negative net margin of 1.87%. The business’s quarterly revenue was down 30.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. As a group, research analysts predict that Altisource Portfolio Solutions S.A. will post -0.1 EPS for the current year.
ASPS has been the topic of a number of analyst reports. Zacks Investment Research cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. ValuEngine upgraded Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, BidaskClub cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Altisource Portfolio Solutions presently has an average rating of “Hold” and a consensus price target of $27.00.
Several hedge funds have recently modified their holdings of ASPS. Renaissance Technologies LLC grew its holdings in shares of Altisource Portfolio Solutions by 11.5% during the second quarter. Renaissance Technologies LLC now owns 547,200 shares of the business services provider’s stock worth $10,758,000 after purchasing an additional 56,500 shares during the last quarter. Cooperman Leon G grew its holdings in shares of Altisource Portfolio Solutions by 4.9% during the second quarter. Cooperman Leon G now owns 947,503 shares of the business services provider’s stock worth $18,628,000 after purchasing an additional 44,567 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Altisource Portfolio Solutions during the second quarter worth about $521,000. Citadel Advisors LLC grew its holdings in shares of Altisource Portfolio Solutions by 125.5% during the second quarter. Citadel Advisors LLC now owns 40,504 shares of the business services provider’s stock worth $797,000 after purchasing an additional 22,543 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Altisource Portfolio Solutions during the third quarter worth about $426,000. 61.86% of the stock is currently owned by institutional investors.
Altisource Portfolio Solutions Company Profile
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 in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.
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