StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Free Report) in a research note issued to investors on Wednesday. The brokerage issued a sell rating on the business services provider’s stock.
Altisource Portfolio Solutions Price Performance
Altisource Portfolio Solutions stock opened at $0.72 on Wednesday. The stock has a market capitalization of $19.55 million, a P/E ratio of -0.51 and a beta of 0.87. Altisource Portfolio Solutions has a 12-month low of $0.43 and a 12-month high of $2.11. The firm’s 50-day moving average is $0.78 and its two-hundred day moving average is $0.88.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Nantahala Capital Management LLC grew its position in shares of 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 period. Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions in the 4th quarter worth about $302,000. Finally, Geode Capital Management LLC boosted its stake in Altisource Portfolio Solutions by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after buying an additional 16,390 shares during the last quarter. Hedge funds and other institutional investors own 41.36% of the company’s stock.
About Altisource Portfolio Solutions
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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