Altisource Portfolio Solutions S.A. (ASPS) Major Shareholder Buys $393,545.88 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp purchased 15,236 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was bought at an average price of $25.83 per share, for a total transaction of $393,545.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 8th, Deer Park Road Management Comp purchased 27,506 shares of Altisource Portfolio Solutions stock. The stock was bought at an average price of $25.11 per share, for a total transaction of $690,675.66.
  • 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 price of $24.58 per share, for a total transaction of $1,001,413.78.

Altisource Portfolio Solutions S.A. (ASPS) opened at $26.36 on Thursday. Altisource Portfolio Solutions S.A. has a 52-week low of $16.17 and a 52-week high of $46.99. The stock has a market cap of $462.66, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46.

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

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Several institutional investors have recently modified their holdings of ASPS. GLG Partners LP bought a new stake in shares of Altisource Portfolio Solutions during the 2nd quarter worth approximately $3,585,000. Vanguard Group Inc. lifted its holdings in shares of Altisource Portfolio Solutions by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock worth $20,463,000 after acquiring an additional 72,193 shares during the period. Balyasny Asset Management LLC lifted its holdings in shares of Altisource Portfolio Solutions by 185.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock worth $2,182,000 after acquiring an additional 65,000 shares during the period. Laurel Wealth Advisors Inc. bought a new stake in shares of Altisource Portfolio Solutions during the 2nd quarter worth approximately $1,287,000. Finally, People s United Financial Inc. lifted its holdings in shares of Altisource Portfolio Solutions by 186.1% during the 2nd quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock worth $1,750,000 after acquiring an additional 52,176 shares during the period. 56.00% of the stock is owned by institutional investors.

A number of research analysts recently commented on the stock. ValuEngine upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Northland Securities restated a “hold” rating and set a $26.00 target price on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Finally, TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Altisource Portfolio Solutions currently has a consensus rating of “Hold” and an average target price 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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