Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp bought 40,741 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was bought at an average cost of $24.58 per share, with a total value of $1,001,413.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The company had revenue of $235.00 million during the quarter, compared to analyst estimates of $215.40 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year.
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Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in Altisource Portfolio Solutions by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after acquiring an additional 358 shares during the period. KCG Holdings Inc. purchased a new stake in Altisource Portfolio Solutions in the first quarter worth about $201,000. Wells Fargo & Company MN lifted its stake in Altisource Portfolio Solutions by 0.4% in the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after acquiring an additional 39 shares during the period. First Trust Advisors LP purchased a new stake in Altisource Portfolio Solutions in the third quarter worth about $240,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Altisource Portfolio Solutions in the first quarter worth about $244,000. 55.04% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the stock. Northland Securities reaffirmed a “hold” rating and issued a $26.00 target price on shares of Altisource Portfolio Solutions in a research report on Sunday. Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub cut shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Finally, Compass Point raised shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and raised their target price for the stock from $7.00 to $15.00 in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.33.
About Altisource Portfolio Solutions
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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