Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Get Free Report) CEO William Shepro purchased 4,000 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average cost of $5.18 per share, with a total value of $20,720.00. Following the acquisition, the chief executive officer directly owned 8,686 shares of the company’s stock, valued at $44,993.48. The trade was a 85.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Altisource Portfolio Solutions Stock Up 0.8%
ASPS stock opened at $5.15 on Friday. Altisource Portfolio Solutions S.A. has a 52-week low of $4.30 and a 52-week high of $14.36. The stock’s 50 day moving average is $6.58 and its two-hundred day moving average is $6.41. The company has a market capitalization of $58.81 million, a PE ratio of -5.20 and a beta of 0.25.
Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $50.66 million for the quarter, compared to analyst estimates of $42.90 million. Altisource Portfolio Solutions had a negative return on equity of 1.69% and a negative net margin of 5.93%. As a group, sell-side analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.37 EPS for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Altisource Portfolio Solutions
Institutional Trading of Altisource Portfolio Solutions
A number of institutional investors and hedge funds have recently modified their holdings of ASPS. Jane Street Group LLC bought a new stake in shares of Altisource Portfolio Solutions during the 4th quarter valued at about $75,000. Millennium Management LLC bought a new position in Altisource Portfolio Solutions in the third quarter worth about $141,000. XTX Topco Ltd acquired a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $589,000. Potomac Capital Management Inc. acquired a new position in Altisource Portfolio Solutions in the fourth quarter valued at approximately $700,000. Finally, Vanguard Group Inc. grew its holdings in shares of Altisource Portfolio Solutions by 41.7% during the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock valued at $4,391,000 after purchasing an additional 110,888 shares during the last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.
Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA (NASDAQ: ASPS) is a provider of proprietary technology and specialized services to the mortgage and real estate industries. Founded in 2009, the company helps financial institutions, investors and loan servicers streamline processes across the full loan lifecycle, from origination and valuation through default management, asset disposition and investor reporting.
Core offerings include loan servicing and asset management solutions, property preservation and inspection services, valuation and due diligence, title and settlement services, as well as vendor management platforms.
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