Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Sees Significant Decrease in Short Interest

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 141,175 shares, a decline of 61.4% from the February 26th total of 365,924 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 50,083 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Altisource Portfolio Solutions during the 1st quarter worth about $13,442,000. Deer Park Road Corp lifted its stake in Altisource Portfolio Solutions by 0.6% during the third quarter. Deer Park Road Corp now owns 1,485,539 shares of the business services provider’s stock valued at $17,321,000 after buying an additional 8,211 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after buying an additional 110,888 shares during the period. Potomac Capital Management Inc. acquired a new position in shares of Altisource Portfolio Solutions in the fourth quarter worth about $700,000. Finally, XTX Topco Ltd purchased a new position in shares of Altisource Portfolio Solutions in the third quarter worth approximately $589,000. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS opened at $6.80 on Friday. Altisource Portfolio Solutions has a 1 year low of $4.30 and a 1 year high of $15.96. The business’s fifty day moving average is $6.14 and its two-hundred day moving average is $8.24. The stock has a market capitalization of $76.70 million, a P/E ratio of -56.66 and a beta of 0.08.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter. The business had revenue of $42.34 million during the quarter. Altisource Portfolio Solutions had a negative return on equity of 0.45% and a net margin of 0.94%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Altisource Portfolio Solutions in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Altisource Portfolio Solutions has a consensus rating of “Sell”.

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.