Altisource Portfolio Solutions (NASDAQ:ASPS – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, April 27th. Analysts expect Altisource Portfolio Solutions to post earnings of ($0.47) per share for the quarter.
Altisource Portfolio Solutions (NASDAQ:ASPS – Get Rating) last announced its earnings results on Thursday, March 30th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.69) by $0.18. The company had revenue of $32.81 million during the quarter, compared to the consensus estimate of $38.60 million.
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Shares of ASPS opened at $3.84 on Tuesday. The firm has a 50-day moving average price of $4.75 and a 200 day moving average price of $8.82. The firm has a market capitalization of $79.95 million, a PE ratio of -1.16 and a beta of 1.13. Altisource Portfolio Solutions has a 52-week low of $3.58 and a 52-week high of $17.67.
Analyst Ratings Changes
A number of equities analysts recently issued reports on ASPS shares. StockNews.com assumed coverage on shares of Altisource Portfolio Solutions in a research report on Thursday, March 16th. They issued a "sell" rating for the company. B. Riley restated a "buy" rating on shares of Altisource Portfolio Solutions in a research report on Tuesday, March 28th.
Insiders Place Their Bets
In other news, major shareholder Deer Park Road Management Comp bought 41,000 shares of the firm's stock in a transaction on Friday, February 10th. The stock was bought at an average cost of $4.74 per share, for a total transaction of $194,340.00. Following the completion of the acquisition, the insider now directly owns 3,836,899 shares in the company, valued at approximately $18,186,901.26. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 29.65% of the company's stock.
Institutional Trading of Altisource Portfolio Solutions
A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in shares of Altisource Portfolio Solutions by 1,199.4% in the third quarter. UBS Group AG now owns 2,053 shares of the business services provider's stock worth $27,000 after purchasing an additional 1,895 shares in the last quarter. State Street Corp lifted its position in shares of Altisource Portfolio Solutions by 5.9% in the first quarter. State Street Corp now owns 40,002 shares of the business services provider's stock worth $473,000 after purchasing an additional 2,235 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Altisource Portfolio Solutions by 0.4% in the second quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider's stock worth $6,795,000 after purchasing an additional 2,800 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Altisource Portfolio Solutions in the fourth quarter worth approximately $28,000. Finally, Prelude Capital Management LLC lifted its position in shares of Altisource Portfolio Solutions by 40.9% in the third quarter. Prelude Capital Management LLC now owns 14,162 shares of the business services provider's stock worth $186,000 after purchasing an additional 4,114 shares in the last quarter. 33.69% of the stock is owned by hedge funds and other institutional investors.
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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