Potomac Capital Management Inc. Takes Position in Altisource Portfolio Solutions S.A. $ASPS

Potomac Capital Management Inc. acquired a new stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) in the 4th quarter, Holdings Channel.com reports. The fund acquired 100,737 shares of the business services provider’s stock, valued at approximately $700,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Altisource Portfolio Solutions in the first quarter valued at $13,442,000. Vanguard Group Inc. increased its holdings in Altisource Portfolio Solutions by 41.7% in the third quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock valued at $4,391,000 after purchasing an additional 110,888 shares during the period. Deer Park Road Corp increased its holdings in Altisource Portfolio Solutions by 0.6% in the third quarter. Deer Park Road Corp now owns 1,485,539 shares of the business services provider’s stock valued at $17,321,000 after purchasing an additional 8,211 shares during the period. Millennium Management LLC acquired a new stake in Altisource Portfolio Solutions in the third quarter valued at $141,000. Finally, XTX Topco Ltd acquired a new stake in Altisource Portfolio Solutions in the third quarter valued at $589,000. Institutional investors and hedge funds own 41.36% of the company’s stock.

Altisource Portfolio Solutions Trading Up 0.6%

Shares of Altisource Portfolio Solutions stock opened at $6.34 on Wednesday. The business has a 50-day moving average price of $6.56 and a two-hundred day moving average price of $6.63. Altisource Portfolio Solutions S.A. has a 1-year low of $4.30 and a 1-year high of $15.96. The company has a market cap of $71.52 million, a P/E ratio of 11.74 and a beta of 0.31.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.19 earnings per share 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 forecast that Altisource Portfolio Solutions S.A. will post 0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASPS shares. B. Riley Financial started coverage on Altisource Portfolio Solutions in a report on Thursday, April 2nd. They issued a “buy” rating and a $8.00 price objective for the company. Weiss Ratings upgraded Altisource Portfolio Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Altisource Portfolio Solutions Company Profile

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.