StockNews.com Begins Coverage on Altisource Asset Management (NYSEAMERICAN:AAMC)

StockNews.com started coverage on shares of Altisource Asset Management (NYSEAMERICAN:AAMC – Get Rating) in a report released on Tuesday. The firm issued a hold rating on the asset manager’s stock.

Shares of AAMC stock opened at $11.01 on Tuesday. Altisource Asset Management has a 1 year low of $8.78 and a 1 year high of $18.70. The company has a fifty day simple moving average of $10.63. The firm has a market cap of $22.64 million, a price-to-earnings ratio of 0.17 and a beta of 1.08.

Altisource Asset Management (NYSEAMERICAN:AAMC – Get Rating) last issued its quarterly earnings results on Friday, April 22nd. The asset manager reported $0.66 earnings per share (EPS) for the quarter.

Institutional investors have recently added to or reduced their stakes in the company. Biltmore Family Office LLC bought a new stake in shares of Altisource Asset Management during the 1st quarter worth about $507,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Altisource Asset Management during the 1st quarter worth about $430,000. Finally, Accretive Wealth Partners LLC bought a new stake in shares of Altisource Asset Management during the 1st quarter worth about $182,000. Institutional investors own 20.74% of the company’s stock.

Altisource Asset Management Company Profile (Get Rating)

Altisource Asset Management Corporation is an asset management company that provides liquidity and capital to under-served market and portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families.

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