Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro Purchases 210,498 Shares of Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro bought 210,498 shares of the business’s stock in a transaction on Friday, March 28th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $101,039.04. Following the transaction, the chief executive officer now directly owns 310,498 shares in the company, valued at approximately $149,039.04. This trade represents a 210.50 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Altisource Portfolio Solutions Trading Down 3.1 %

ASPS opened at $0.66 on Wednesday. The firm has a market cap of $17.97 million, a price-to-earnings ratio of -0.46 and a beta of 0.87. Altisource Portfolio Solutions S.A. has a 12 month low of $0.43 and a 12 month high of $2.11. The stock has a fifty day moving average price of $0.78 and a 200-day moving average price of $0.87.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of large investors have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC grew its position in shares of Altisource Portfolio Solutions by 95.1% in the 4th quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after buying an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Altisource Portfolio Solutions in the fourth quarter worth $302,000. Finally, Geode Capital Management LLC increased its position in shares of 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 worth $131,000 after purchasing an additional 16,390 shares in the last quarter. 41.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Altisource Portfolio Solutions in a report on Wednesday, March 26th. They set a “sell” rating on the 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.