Altisource Portfolio Solutions S.A. (ASPS) Major Shareholder Deer Park Road Management Comp Purchases 27,506 Shares

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp purchased 27,506 shares of Altisource Portfolio Solutions stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $25.11 per share, for a total transaction of $690,675.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Deer Park Road Management Comp also recently made the following trade(s):

  • On Thursday, November 2nd, Deer Park Road Management Comp purchased 15,236 shares of Altisource Portfolio Solutions stock. The stock was bought at an average cost of $25.83 per share, for a total transaction of $393,545.88.
  • On Friday, October 27th, Deer Park Road Management Comp purchased 40,741 shares of Altisource Portfolio Solutions stock. The stock was bought at an average cost of $24.58 per share, for a total transaction of $1,001,413.78.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) opened at $25.48 on Tuesday. Altisource Portfolio Solutions S.A. has a 1-year low of $16.17 and a 1-year high of $46.99. The company has a market capitalization of $455.68, a PE ratio of 8.93, a PEG ratio of 0.47 and a beta of 1.01. The company has a debt-to-equity ratio of 6.46, a current ratio of 2.57 and a quick ratio of 2.57.

Altisource Portfolio Solutions (NASDAQ:ASPS) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. sell-side analysts forecast that Altisource Portfolio Solutions S.A. will post 2.72 earnings per share for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Altisource Portfolio Solutions by 18.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock valued at $3,666,000 after acquiring an additional 21,890 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Altisource Portfolio Solutions by 45.1% in the 3rd quarter. Wells Fargo & Company MN now owns 15,181 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 4,718 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Altisource Portfolio Solutions in the 3rd quarter valued at about $1,073,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Altisource Portfolio Solutions in the 3rd quarter valued at about $617,000. Finally, American Century Companies Inc. increased its holdings in shares of Altisource Portfolio Solutions by 5.2% in the 3rd quarter. American Century Companies Inc. now owns 133,762 shares of the business services provider’s stock valued at $3,460,000 after acquiring an additional 6,644 shares during the last quarter. Institutional investors and hedge funds own 56.00% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Northland Securities reaffirmed a “hold” rating and issued a $26.00 price target on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. TheStreet raised Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Finally, ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.33.

Altisource Portfolio Solutions Company Profile

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.

Insider Buying and Selling by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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