Altisource Portfolio Solutions (NASDAQ:ASPS) Shares Scheduled to Reverse Split on Wednesday, May 28th

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) are scheduled to reverse split before the market opens on Wednesday, May 28th. The 1-8 reverse split was announced on Tuesday, May 13th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 27th.

Altisource Portfolio Solutions Stock Performance

ASPS opened at $0.86 on Tuesday. The stock has a market cap of $75.24 million, a price-to-earnings ratio of -0.60 and a beta of 0.33. Altisource Portfolio Solutions has a one year low of $0.22 and a one year high of $1.14. The stock’s 50 day moving average price is $0.84 and its 200-day moving average price is $0.80.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported ($0.02) EPS for the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Altisource Portfolio Solutions in a report on Tuesday, May 13th. They issued a “sell” rating for the company.

Insiders Place Their Bets

In other news, CEO William B. Shepro bought 210,498 shares of Altisource Portfolio Solutions stock in a transaction on Friday, March 28th. The stock was acquired at an average price 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 of the company’s stock, valued at $149,039.04. The trade was a 210.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd boosted its position in Altisource Portfolio Solutions by 306.4% in the 1st quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider’s stock valued at $55,000 after buying an additional 60,933 shares during the period. Geode Capital Management LLC lifted its position in Altisource Portfolio Solutions by 8.9% during the 4th 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. Jefferies Financial Group Inc. acquired a new position in shares of Altisource Portfolio Solutions during the first quarter worth about $214,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions during the 4th quarter worth $302,000. Finally, Nantahala Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 95.1% in the 4th 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 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.