Nationwide Fund Advisors Maintains Position in Altisource Portfolio Solutions S.A. (ASPS)

Nationwide Fund Advisors held its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,777 shares of the business services provider’s stock at the close of the 2nd quarter. Nationwide Fund Advisors’ holdings in Altisource Portfolio Solutions were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ASPS. KCG Holdings Inc. bought a new stake in Altisource Portfolio Solutions during the 1st quarter valued at approximately $201,000. Wells Fargo & Company MN raised its stake in Altisource Portfolio Solutions by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 39 shares during the period. Parametric Portfolio Associates LLC bought a new stake in Altisource Portfolio Solutions during the 1st quarter valued at approximately $244,000. American International Group Inc. raised its stake in Altisource Portfolio Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 473 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new stake in Altisource Portfolio Solutions during the 2nd quarter valued at approximately $488,000. 56.00% of the stock is currently owned by institutional investors.

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In other news, major shareholder Deer Park Road Management Comp purchased 27,506 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $25.11 per share, for a total transaction of $690,675.66. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Indroneel Chatterjee purchased 1,200 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $26.32 per share, with a total value of $31,584.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 109,683 shares of company stock valued at $2,675,719 in the last 90 days. 6.75% of the stock is currently owned by company insiders.

Altisource Portfolio Solutions S.A. (ASPS) opened at $26.64 on Friday. The firm has a market capitalization of $476.99, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.49 and a beta of 1.01. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. Altisource Portfolio Solutions S.A. has a 1-year low of $16.17 and a 1-year high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $215.40 million. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. equities research analysts expect that Altisource Portfolio Solutions S.A. will post 2.72 earnings per share for the current fiscal year.

Several analysts recently issued reports on ASPS shares. Zacks Investment Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. BidaskClub raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Compass Point upgraded Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.00 to $15.00 in a report on Tuesday, July 25th. Finally, Northland Securities restated a “hold” rating and set a $23.00 price target on shares of Altisource Portfolio Solutions in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently 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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Institutional Ownership by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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