Altisource Portfolio Solutions (ASPS) Stock Rating Upgraded by BidaskClub
Altisource Portfolio Solutions (NASDAQ:ASPS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
ASPS has been the topic of several other research reports. Zacks Investment Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Northland Securities reissued a “hold” rating and issued a $26.00 price objective on shares of Altisource Portfolio Solutions in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Altisource Portfolio Solutions currently has an average rating of “Hold” and an average target price of $22.33.
Shares of Altisource Portfolio Solutions (ASPS) opened at $27.79 on Friday. 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 firm has a market capitalization of $497.58, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. Altisource Portfolio Solutions has a one year low of $16.17 and a one year high of $46.99.
In related news, major shareholder Deer Park Road Management Comp acquired 27,506 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $25.11 per share, with a total value of $690,675.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Indroneel Chatterjee acquired 1,200 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $26.32 per share, with a total value of $31,584.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 84,683 shares of company stock valued at $2,117,219. Insiders own 6.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in Altisource Portfolio Solutions by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after purchasing an additional 39 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Altisource Portfolio Solutions by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after purchasing an additional 358 shares during the period. American Century Companies Inc. raised its holdings in Altisource Portfolio Solutions by 0.7% in the 2nd quarter. American Century Companies Inc. now owns 127,118 shares of the business services provider’s stock worth $2,774,000 after purchasing an additional 848 shares during the period. Teachers Advisors LLC raised its holdings in Altisource Portfolio Solutions by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 33,593 shares of the business services provider’s stock worth $733,000 after purchasing an additional 2,223 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Altisource Portfolio Solutions by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 64,300 shares of the business services provider’s stock worth $1,403,000 after purchasing an additional 4,800 shares during the period. 53.55% of the stock is owned by institutional investors.
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Altisource Portfolio Solutions Company Profile
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.
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