StockNews.com Begins Coverage on Altisource Portfolio Solutions (NASDAQ:ASPS)

StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued on Monday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Down 4.7 %

NASDAQ ASPS opened at $0.79 on Monday. The stock has a market cap of $21.57 million, a PE ratio of -0.56 and a beta of 0.87. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $2.75. The business has a 50 day moving average price of $0.76 and a two-hundred day moving average price of $0.91.

Hedge Funds Weigh In On Altisource Portfolio Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of ASPS. Nantahala Capital Management LLC boosted its holdings in 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 acquiring an additional 1,037,275 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions during the 4th quarter valued at approximately $302,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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 valued at $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.

Altisource Portfolio Solutions Company Profile

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.