Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp purchased 27,506 shares of Altisource Portfolio Solutions stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of $25.11 per share, with a total value of $690,675.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, November 2nd, Deer Park Road Management Comp acquired 15,236 shares of Altisource Portfolio Solutions stock. The stock was acquired at an average price of $25.83 per share, with a total value of $393,545.88.
  • On Friday, October 27th, Deer Park Road Management Comp bought 40,741 shares of Altisource Portfolio Solutions stock. The stock was purchased at an average cost of $24.58 per share, for a total transaction of $1,001,413.78.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) opened at $25.84 on Wednesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 6.46. Altisource Portfolio Solutions S.A. has a twelve month low of $16.17 and a twelve month high of $46.99. The company has a market capitalization 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 released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.73. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company’s revenue was down 7.0% compared to the same quarter last year. analysts anticipate that Altisource Portfolio Solutions S.A. will post 2.72 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Altisource Portfolio Solutions by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock worth $20,463,000 after acquiring an additional 72,193 shares during the last quarter. Nomura Holdings Inc. increased its stake in Altisource Portfolio Solutions by 23.4% in the 2nd quarter. Nomura Holdings Inc. now owns 263,499 shares of the business services provider’s stock worth $5,772,000 after acquiring an additional 50,018 shares during the last quarter. State Street Corp increased its stake in Altisource Portfolio Solutions by 4.2% in the 2nd quarter. State Street Corp now owns 236,263 shares of the business services provider’s stock worth $5,158,000 after acquiring an additional 9,564 shares during the last quarter. GLG Partners LP bought a new stake in Altisource Portfolio Solutions in the 2nd quarter worth approximately $3,585,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Altisource Portfolio Solutions by 18.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock worth $3,666,000 after acquiring an additional 21,890 shares during the last quarter. 56.00% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on ASPS shares. Northland Securities reaffirmed a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. TheStreet raised Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. BidaskClub cut Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research cut Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Compass Point raised Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $7.00 to $15.00 in a report on Tuesday, July 25th. One 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 given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus 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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