Altisource Portfolio Solutions (NASDAQ:ASPS) Major Shareholder Benefit Street Partners Llc Buys 48,991 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Benefit Street Partners Llc purchased 48,991 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of $5.78 per share, for a total transaction of $283,167.98. Following the transaction, the insider owned 1,803,045 shares in the company, valued at $10,421,600.10. This represents a 2.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Benefit Street Partners Llc also recently made the following trade(s):

• On Friday, July 31st, Benefit Street Partners Llc acquired 1,009 shares of Altisource Portfolio Solutions stock. The shares were bought at an average cost of $5.43 per share, for a total transaction of $5,478.87.

Altisource Portfolio Solutions Trading Down 5.9%

ASPS opened at $5.25 on Wednesday. The stock has a market capitalization of $59.95 million, a PE ratio of -5.30 and a beta of 0.27. 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 $6.53 and a two-hundred day moving average price of $6.40.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its 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 return on equity of 1.69% and a negative net margin of 5.93%. On average, research analysts predict that Altisource Portfolio Solutions S.A. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Potomac Capital Management Inc. acquired a new stake in shares of Altisource Portfolio Solutions during the 4th quarter worth approximately $700,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Altisource Portfolio Solutions during the first quarter worth approximately $13,442,000. Vanguard Group Inc. raised its stake in shares of Altisource Portfolio Solutions by 41.7% during the third 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 last quarter. XTX Topco Ltd acquired a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $589,000. Finally, Millennium Management LLC acquired a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $141,000. 41.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ASPS. Zacks Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings lowered Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.00.

Altisource Portfolio Solutions Company Profile

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.