Whitebox Advisors LLC purchased a new stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 95,000 shares of the business services provider’s stock, valued at approximately $3,496,000. Whitebox Advisors LLC owned 0.52% of Altisource Portfolio Solutions at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Welch Group LLC purchased a new position in Altisource Portfolio Solutions during the first quarter valued at $108,000. TrimTabs Asset Management LLC increased its position in Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,576 shares during the last quarter. KCG Holdings Inc. purchased a new position in Altisource Portfolio Solutions during the first quarter valued at $201,000. Parametric Portfolio Associates LLC bought a new position in shares of Altisource Portfolio Solutions during the first quarter valued at approximately $244,000. Finally, American International Group Inc. increased its position in shares of Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after buying an additional 473 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.
Shares of Altisource Portfolio Solutions S.A. (NASDAQ ASPS) traded down 2.70% on Tuesday, reaching $21.65. The company’s stock had a trading volume of 111,193 shares. The company’s 50-day moving average is $20.45 and its 200 day moving average is $26.65. The company has a market capitalization of $399.05 million, a price-to-earnings ratio of 25.09 and a beta of 0.88. Altisource Portfolio Solutions S.A. has a 12-month low of $16.17 and a 12-month high of $46.99.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $229.84 million during the quarter, compared to analyst estimates of $217.90 million. Altisource Portfolio Solutions had a return on equity of 102.97% and a net margin of 1.72%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. Equities analysts anticipate that Altisource Portfolio Solutions S.A. will post $2.63 earnings per share for the current fiscal year.
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Several research analysts have commented on ASPS shares. TheStreet downgraded Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded Altisource Portfolio Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, Northland Securities downgraded Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd.
In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp acquired 55,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was purchased at an average price of $18.92 per share, with a total value of $1,040,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.03% of the company’s stock.
Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
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