Stock analysts at StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a research note issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Up 11.6 %
Shares of NASDAQ ASPS opened at $0.94 on Tuesday. The company has a market capitalization of $25.48 million, a PE ratio of -0.59 and a beta of 0.94. The stock’s 50 day moving average price is $1.06 and its 200-day moving average price is $1.29. Altisource Portfolio Solutions has a twelve month low of $0.70 and a twelve month high of $4.59.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its position in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd largest position. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 41.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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