Altisource Portfolio Solutions (NASDAQ:ASPS) Major Shareholder Acquires $283,167.98 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Benefit Street Partners Llc purchased 48,991 shares of Altisource Portfolio Solutions stock in a transaction on Monday, August 3rd. The stock was bought at an average cost of $5.78 per share, with a total value of $283,167.98. Following the transaction, the insider directly owned 1,803,045 shares of the company’s stock, valued at approximately $10,421,600.10. The trade was a 2.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Benefit Street Partners Llc also recently made the following trade(s):

• On Friday, July 31st, Benefit Street Partners Llc purchased 1,009 shares of Altisource Portfolio Solutions stock. The stock was purchased at an average cost of $5.43 per share, for a total transaction of $5,478.87.

Altisource Portfolio Solutions Price Performance

Shares of ASPS opened at $5.78 on Friday. The company has a market capitalization of $66.01 million, a PE ratio of -5.84 and a beta of 0.27. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $14.36. The company’s fifty day moving average price is $6.50 and its 200 day moving average price is $6.40.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative return on equity of 1.69% and a negative net margin of 5.93%. Analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

ASPS has been the subject of a number of research analyst reports. Weiss Ratings lowered Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.00.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Several large investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Altisource Portfolio Solutions in the 1st quarter worth approximately $13,442,000. Vanguard Group Inc. increased its position in shares of 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 valued at $4,391,000 after purchasing an additional 110,888 shares during the period. Potomac Capital Management Inc. bought a new stake in shares of Altisource Portfolio Solutions during the fourth quarter valued at approximately $700,000. XTX Topco Ltd acquired a new position in shares of Altisource Portfolio Solutions in the third quarter valued at $589,000. Finally, Millennium Management LLC acquired a new position in shares of Altisource Portfolio Solutions in the third quarter valued at $141,000. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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.