StockNews.com Begins Coverage on Altisource Asset Management (NYSEAMERICAN:AAMC)

StockNews.com initiated coverage on shares of Altisource Asset Management (NYSEAMERICAN:AAMC – Get Rating) in a research note published on Thursday morning. The firm issued a sell rating on the asset manager’s stock.

Altisource Asset Management Price Performance

Shares of AAMC stock opened at $49.90 on Thursday. The firm has a market cap of $88.82 million, a P/E ratio of -6.51 and a beta of 1.66. Altisource Asset Management has a 1-year low of $8.65 and a 1-year high of $61.00. The firm’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $21.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Altisource Asset Management stock. Laurel Wealth Advisors Inc. purchased a new stake in Altisource Asset Management Co. (NYSEAMERICAN:AAMC – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,584 shares of the asset manager’s stock, valued at approximately $430,000. Laurel Wealth Advisors Inc. owned 1.49% of Altisource Asset Management as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.87% of the company’s stock.

About Altisource Asset Management

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Altisource Asset Management Corp. operates as an alternative lending company. The firm provides liquidity and capital to under-served markets. It assess opportunities which potentially be of long-term benefit to shareholders such as Crypto-ATMs. The company was founded on March 15, 2012 and is headquartered in Christiansted, Virgin Islands.