Altisource Portfolio Solutions S.A. (NASDAQ:ASPS - Get Free Report) CEO William B. Shepro bought 210,498 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of $0.48 per share, with a total value of $101,039.04. Following the completion of the purchase, the chief executive officer now directly owns 310,498 shares in the company, valued at $149,039.04. This represents a 210.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Altisource Portfolio Solutions Stock Performance
Altisource Portfolio Solutions stock opened at $0.66 on Wednesday. Altisource Portfolio Solutions S.A. has a fifty-two week low of $0.43 and a fifty-two week high of $2.11. The company has a market cap of $17.97 million, a PE ratio of -0.46 and a beta of 0.87. The business's 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $0.87.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Altisource Portfolio Solutions in a research note on Wednesday, March 26th. They set a "sell" rating for the company.
Read Our Latest Analysis on Altisource Portfolio Solutions
Hedge Funds Weigh In On Altisource Portfolio Solutions
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at $302,000. Geode Capital Management LLC lifted its position in Altisource Portfolio Solutions by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider's stock valued at $131,000 after purchasing an additional 16,390 shares during the period. Finally, Nantahala Capital Management LLC boosted its holdings in Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider's stock valued at $1,399,000 after purchasing an additional 1,037,275 shares during the last quarter. Institutional investors and hedge funds own 41.36% of the company's stock.
About Altisource Portfolio Solutions
(
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Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.
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