Insider Buying: Altisource Portfolio Solutions (NASDAQ:ASPS) Director Purchases $11,200.00 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Matthew Winkler bought 2,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $5.60 per share, with a total value of $11,200.00. Following the acquisition, the director directly owned 41,989 shares in the company, valued at approximately $235,138.40. This trade represents a 5.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Altisource Portfolio Solutions Stock Performance

ASPS opened at $5.69 on Thursday. Altisource Portfolio Solutions S.A. has a 1 year low of $4.30 and a 1 year high of $14.36. The firm has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.41. The company has a market cap of $64.98 million, a PE ratio of -5.75 and a beta of 0.27.

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

Analysts Set New Price Targets

ASPS has been the topic of several recent research reports. Zacks Research lowered shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings raised Altisource Portfolio Solutions from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.00.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Altisource Portfolio Solutions during the first quarter worth $13,442,000. Vanguard Group Inc. increased its stake in Altisource Portfolio Solutions by 41.7% during the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after buying an additional 110,888 shares during the period. Millennium Management LLC purchased a new stake in Altisource Portfolio Solutions during the 3rd quarter worth $141,000. XTX Topco Ltd acquired a new position in Altisource Portfolio Solutions in the 3rd quarter worth $589,000. Finally, Potomac Capital Management Inc. acquired a new position in Altisource Portfolio Solutions in the 4th quarter worth $700,000. Hedge funds and other institutional investors own 41.36% of the company’s stock.

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.