Insider Buying: Altisource Portfolio Solutions (NASDAQ:ASPS) CEO Purchases 3,511 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro bought 3,511 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $6.02 per share, for a total transaction of $21,136.22. Following the completion of the transaction, the chief executive officer directly owned 236,750 shares of the company’s stock, valued at $1,425,235. This trade represents a 1.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS traded up $0.65 during trading hours on Tuesday, hitting $6.70. 51,120 shares of the company’s stock were exchanged, compared to its average volume of 29,931. The business’s 50 day moving average is $6.61 and its 200-day moving average is $6.88. Altisource Portfolio Solutions S.A. has a 12-month low of $4.30 and a 12-month high of $15.96. The firm has a market capitalization of $75.57 million, a P/E ratio of 12.41 and a beta of 0.31.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Tuesday, March 31st. The business services provider reported $0.19 earnings per share for the quarter. Altisource Portfolio Solutions had a negative return on equity of 2.50% and a net margin of 3.61%. As a group, equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ASPS shares. B. Riley Financial started coverage on Altisource Portfolio Solutions in a research report on Thursday, April 2nd. They set a “buy” rating and a $8.00 target price on the stock. Weiss Ratings downgraded Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Altisource Portfolio Solutions has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Altisource Portfolio Solutions during the first quarter worth about $13,442,000. Vanguard Group Inc. increased its stake in 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 worth $4,391,000 after acquiring an additional 110,888 shares during the last quarter. Deer Park Road Corp increased 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 worth $17,321,000 after acquiring an additional 8,211 shares during the last quarter. Millennium Management LLC acquired a new stake in Altisource Portfolio Solutions during the third quarter worth about $141,000. Finally, XTX Topco Ltd acquired a new stake in Altisource Portfolio Solutions during the third quarter worth about $589,000. 41.36% of the stock is currently owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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.