StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a report published on Monday. The firm issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Down 5.3 %
Shares of ASPS opened at $0.75 on Monday. The business has a fifty day moving average of $0.77 and a 200 day moving average of $0.91. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $2.75. The company has a market cap of $20.42 million, a PE ratio of -0.53 and a beta of 0.87.
Institutional Trading of Altisource Portfolio Solutions
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC increased its stake in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 1,037,275 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions in the fourth quarter worth $302,000. Finally, Geode Capital Management LLC increased its stake in Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after purchasing an additional 16,390 shares during the period. Hedge funds and other institutional investors own 41.36% of the company’s stock.
About Altisource Portfolio Solutions
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.
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