Altisource Portfolio Solutions (NASDAQ:ASPS) CEO Buys $20,720.00 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William Shepro purchased 4,000 shares of Altisource Portfolio Solutions stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average price of $5.18 per share, with a total value of $20,720.00. Following the completion of the transaction, the chief executive officer directly owned 8,686 shares in the company, valued at approximately $44,993.48. This represents a 85.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Altisource Portfolio Solutions Stock Performance

Altisource Portfolio Solutions stock opened at $5.57 on Friday. Altisource Portfolio Solutions S.A. has a fifty-two week low of $4.30 and a fifty-two week high of $14.36. The stock has a market cap of $63.61 million, a P/E ratio of -5.63 and a beta of 0.25. The firm’s fifty day moving average price is $6.57 and its 200-day moving average price is $6.41.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Altisource Portfolio Solutions had a negative net margin of 5.93% and a negative return on equity of 1.69%. Sell-side analysts predict that Altisource Portfolio Solutions S.A. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ASPS shares. Weiss Ratings downgraded Altisource Portfolio Solutions from a “sell (d+)” rating to a “sell (e+)” rating in a research report on Tuesday. Zacks Research downgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ASPS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Altisource Portfolio Solutions during the first quarter valued at about $13,442,000. Vanguard Group Inc. boosted its holdings in shares of Altisource Portfolio Solutions by 41.7% in the 3rd quarter. Vanguard Group Inc. now owns 376,594 shares of the business services provider’s stock worth $4,391,000 after purchasing an additional 110,888 shares in the last quarter. Potomac Capital Management Inc. purchased a new position in shares of Altisource Portfolio Solutions in the 4th quarter worth about $700,000. XTX Topco Ltd bought a new position in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $589,000. Finally, Millennium Management LLC bought a new position in shares of Altisource Portfolio Solutions during the 3rd quarter valued at about $141,000. Institutional investors own 41.36% of the company’s stock.

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.