Altisource Portfolio Solutions SA (ASPS) Shares Up 3.6%
Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price shot up 3.6% during mid-day trading on Wednesday . The company traded as high as $25.89 and last traded at $25.66, with a volume of 406,748 shares traded. The stock had previously closed at $24.76.
A number of research firms have recently issued reports on ASPS. Piper Jaffray Cos. downgraded Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $24.00 to $16.00 in a research report on Monday, May 2nd. Zacks Investment Research cut Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The company has a market cap of $472.14 million and a PE ratio of 9.25. The company has a 50 day moving average of $27.17 and a 200-day moving average of $27.27.
In related news, insider Kevin James Wilcox bought 1,700 shares of the stock in a transaction on Monday, May 2nd. The shares were bought at an average cost of $29.36 per share, for a total transaction of $49,912.00. Following the purchase, the insider now owns 55,010 shares of the company’s stock, valued at approximately $1,615,093.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Several hedge funds have bought and sold shares of ASPS. Whitebox Advisors LLC increased its stake in Altisource Portfolio Solutions SA by 33.9% in the fourth quarter. Whitebox Advisors LLC now owns 435,852 shares of the company’s stock worth $12,121,000 after buying an additional 110,411 shares during the period. Teacher Retirement System of Texas increased its stake in Altisource Portfolio Solutions SA by 8,221.4% in the fourth quarter. Teacher Retirement System of Texas now owns 155,110 shares of the company’s stock worth $4,314,000 after buying an additional 153,246 shares during the period. Oxford Asset Management acquired a new stake in Altisource Portfolio Solutions SA during the fourth quarter worth $5,030,000. Finally, Numeric Investors LLC increased its stake in Altisource Portfolio Solutions SA by 144.3% in the fourth quarter. Numeric Investors LLC now owns 214,037 shares of the company’s stock worth $5,952,000 after buying an additional 126,437 shares during the period.
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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