Deer Park Road Management Comp Purchases 15,236 Shares of Altisource Portfolio Solutions S.A. (ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp acquired 15,236 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was purchased at an average cost of $25.83 per share, with a total value of $393,545.88. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Deer Park Road Management Comp also recently made the following trade(s):

  • On Wednesday, November 8th, Deer Park Road Management Comp purchased 27,506 shares of Altisource Portfolio Solutions stock. The shares were bought at an average cost of $25.11 per share, with a total value of $690,675.66.
  • On Friday, October 27th, Deer Park Road Management Comp purchased 40,741 shares of Altisource Portfolio Solutions stock. The shares were bought at an average cost of $24.58 per share, with a total value of $1,001,413.78.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) opened at $25.84 on Wednesday. Altisource Portfolio Solutions S.A. has a 52-week low of $16.17 and a 52-week high of $46.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. The company has a market cap of $456.21, a P/E ratio of 8.94, a P/E/G ratio of 0.47 and a beta of 1.01.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The firm had revenue of $235.00 million during the quarter, compared to analyst estimates of $215.40 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. Altisource Portfolio Solutions’s revenue for the quarter was down 7.0% compared to the same quarter last year. equities research analysts expect that Altisource Portfolio Solutions S.A. will post 2.72 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in Altisource Portfolio Solutions by 0.4% during the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after buying an additional 39 shares during the period. The Manufacturers Life Insurance Company grew its stake in Altisource Portfolio Solutions by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after buying an additional 358 shares during the period. American International Group Inc. grew its stake in Altisource Portfolio Solutions by 7.1% during the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock worth $262,000 after buying an additional 473 shares during the period. American Century Companies Inc. grew its stake in Altisource Portfolio Solutions by 0.7% during the second quarter. American Century Companies Inc. now owns 127,118 shares of the business services provider’s stock worth $2,774,000 after buying an additional 848 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Altisource Portfolio Solutions by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 45,215 shares of the business services provider’s stock worth $1,664,000 after buying an additional 1,947 shares during the period. Institutional investors own 56.00% of the company’s stock.

Several equities analysts recently commented on ASPS shares. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, August 11th. BidaskClub lowered shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities reaffirmed a “hold” rating and set a $26.00 price target on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Finally, Compass Point raised shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and upped their price target for the stock from $7.00 to $15.00 in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Altisource Portfolio Solutions has an average rating of “Hold” and an average target price of $22.33.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

Insider Buying and Selling by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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