William Shepro Acquires 3,511 Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro acquired 3,511 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $6.02 per share, for a total transaction of $21,136.22. Following the purchase, the chief executive officer owned 236,750 shares of the company’s stock, valued at $1,425,235. The trade was a 1.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Altisource Portfolio Solutions Price Performance

Shares of ASPS stock opened at $6.56 on Thursday. The stock has a market cap of $74.00 million, a P/E ratio of 12.15 and a beta of 0.31. Altisource Portfolio Solutions S.A. has a one year low of $4.30 and a one year high of $15.96. The stock has a fifty day moving average price of $6.61 and a 200 day moving average price of $6.84.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.19 EPS for the quarter. Altisource Portfolio Solutions had a negative return on equity of 2.50% and a net margin of 3.61%. Equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ASPS shares. B. Riley Financial started coverage on Altisource Portfolio Solutions in a research report on Thursday, April 2nd. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings cut Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Altisource Portfolio Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at $75,000. Millennium Management LLC bought a new position in shares of Altisource Portfolio Solutions during the third quarter valued at $141,000. XTX Topco Ltd bought a new position in shares of Altisource Portfolio Solutions during the third quarter valued at $589,000. Potomac Capital Management Inc. bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at $700,000. Finally, Vanguard Group Inc. lifted its holdings 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 valued at $4,391,000 after acquiring an additional 110,888 shares during the period. 41.36% of the stock is owned by institutional investors.

About Altisource Portfolio Solutions

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.