Insider Buying: Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO Purchases 1,400 Shares of Stock

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Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro bought 1,400 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $17.92 per share, for a total transaction of $25,088.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

William B. Shepro also recently made the following trade(s):

  • On Wednesday, October 30th, William B. Shepro bought 3,150 shares of Altisource Portfolio Solutions stock. The stock was bought at an average price of $15.85 per share, for a total transaction of $49,927.50.

Shares of Altisource Portfolio Solutions stock traded up $0.26 during trading on Friday, reaching $18.14. The company had a trading volume of 3,402 shares, compared to its average volume of 128,392. The company has a market cap of $285.69 million, a price-to-earnings ratio of -56.53 and a beta of 1.12. The firm’s fifty day moving average is $19.91 and its 200-day moving average is $20.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.10 and a current ratio of 2.11. Altisource Portfolio Solutions S.A. has a fifty-two week low of $15.30 and a fifty-two week high of $27.08.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, October 24th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $141.49 million for the quarter, compared to analyst estimates of $154.00 million. Altisource Portfolio Solutions had a negative net margin of 1.87% and a negative return on equity of 4.58%. The company’s revenue for the quarter was down 30.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. On average, research analysts anticipate that Altisource Portfolio Solutions S.A. will post -0.1 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ASPS. BidaskClub lowered shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Zacks Investment Research lowered shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ValuEngine upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Several institutional investors have recently modified their holdings of ASPS. First Quadrant L P CA acquired a new stake in shares of Altisource Portfolio Solutions in the 2nd quarter valued at about $38,000. GSA Capital Partners LLP acquired a new stake in Altisource Portfolio Solutions during the second quarter worth about $245,000. Prudential Financial Inc. raised its stake in Altisource Portfolio Solutions by 20.1% during the second quarter. Prudential Financial Inc. now owns 45,850 shares of the business services provider’s stock worth $901,000 after acquiring an additional 7,680 shares during the period. Quantamental Technologies LLC acquired a new stake in Altisource Portfolio Solutions during the second quarter worth about $32,000. Finally, Renaissance Technologies LLC raised its stake in Altisource Portfolio Solutions by 11.5% during the second quarter. Renaissance Technologies LLC now owns 547,200 shares of the business services provider’s stock worth $10,758,000 after acquiring an additional 56,500 shares during the period. Institutional investors and hedge funds own 62.05% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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 in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.

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