Altisource Portfolio Solutions (NASDAQ:ASPS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report released on Saturday morning. The brokerage issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

Shares of Altisource Portfolio Solutions stock opened at $0.72 on Friday. The stock’s 50 day simple moving average is $0.75 and its 200-day simple moving average is $0.94. The stock has a market cap of $19.54 million, a P/E ratio of -0.51 and a beta of 0.90. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.17.

Institutional Investors Weigh In On Altisource Portfolio Solutions

Several institutional investors have recently added to or reduced their stakes in ASPS. Geode Capital Management LLC boosted its stake in Altisource Portfolio Solutions by 8.9% during the 4th 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 during the period. Integrated Wealth Concepts LLC acquired a new stake in Altisource Portfolio Solutions during the 4th quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC grew its stake 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 valued at $1,399,000 after purchasing an additional 1,037,275 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.