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 research report report published on Sunday. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

ASPS stock opened at $0.96 on Friday. The stock has a market capitalization of $84.08 million, a price-to-earnings ratio of -0.68 and a beta of 0.47. Altisource Portfolio Solutions has a 1 year low of $0.22 and a 1 year high of $1.14. The stock’s fifty day moving average is $0.79 and its two-hundred day moving average is $0.83.

Insider Activity

In other news, CEO William B. Shepro bought 210,498 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of $0.48 per share, with a total value of $101,039.04. Following the completion of the acquisition, the chief executive officer now directly owns 310,498 shares in the company, valued at approximately $149,039.04. The trade was a 210.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after acquiring an additional 16,390 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Altisource Portfolio Solutions during the fourth quarter worth about $302,000. Finally, Nantahala Capital Management LLC grew its holdings in Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after acquiring an additional 1,037,275 shares during the period. 41.36% of the stock is owned by institutional investors and hedge funds.

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.