Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report sent to investors on Sunday. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of ASPS opened at $0.71 on Friday. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.17. The stock has a market cap of $19.36 million, a PE ratio of -0.50 and a beta of 0.90. The firm has a 50-day simple moving average of $0.76 and a two-hundred day simple moving average of $0.92.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of 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 valued at $131,000 after acquiring an additional 16,390 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Altisource Portfolio Solutions in the fourth quarter valued at approximately $302,000. Finally, Nantahala Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 95.1% in the fourth 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 in the last quarter. 41.36% of the stock is currently 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.