B. Riley reaffirmed their buy rating on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Rating) in a research note released on Tuesday, PriceTargets.com reports.
Separately, StockNews.com began coverage on shares of Altisource Portfolio Solutions in a research note on Thursday, March 16th. They issued a sell rating on the stock.
Get Altisource Portfolio Solutions alerts:Altisource Portfolio Solutions Price Performance
Shares of Altisource Portfolio Solutions stock opened at $4.66 on Tuesday. The stock has a market cap of $75.12 million, a price-to-earnings ratio of 2.60 and a beta of 1.15. The firm's 50-day moving average is $5.57 and its 200 day moving average is $9.74. Altisource Portfolio Solutions has a 1 year low of $3.78 and a 1 year high of $17.67.
Insider Buying and Selling at Altisource Portfolio Solutions
In related news, major shareholder Deer Park Road Management Comp bought 400,000 shares of the stock in a transaction on Tuesday, February 14th. The shares were acquired at an average price of $5.00 per share, for a total transaction of $2,000,000.00. Following the purchase, the insider now owns 4,236,899 shares of the company's stock, valued at $21,184,495. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 29.65% of the company's stock.
Hedge Funds Weigh In On Altisource Portfolio Solutions
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its stake in Altisource Portfolio Solutions by 1,199.4% during the 3rd quarter. UBS Group AG now owns 2,053 shares of the business services provider's stock valued at $27,000 after acquiring an additional 1,895 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Altisource Portfolio Solutions during the 4th quarter valued at about $28,000. Prelude Capital Management LLC purchased a new stake in shares of Altisource Portfolio Solutions during the 2nd quarter valued at about $108,000. Man Group plc purchased a new stake in shares of Altisource Portfolio Solutions during the 4th quarter valued at about $109,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Altisource Portfolio Solutions during the 4th quarter valued at about $114,000. Institutional investors own 33.69% of the company's stock.
About Altisource Portfolio Solutions
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Altisource Portfolio Solutions SA engages in the provision of integrated service and marketplace for the real estate and mortgage industries. It operates through the following businesses: field services, marketplace, and mortgage and real estate solutions. The field services segment is involved in property preservation and inspection services, and vendor management oversight software-as-a-service (SaaS) platform.
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