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

Investment analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report issued on Wednesday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Down 2.1 %

Shares of NASDAQ ASPS opened at $0.80 on Wednesday. The business’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.26. The company has a market cap of $21.68 million, a PE ratio of -0.56 and a beta of 0.86. Altisource Portfolio Solutions has a twelve month low of $0.70 and a twelve month high of $4.59.

Hedge Funds 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 Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent Form 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 comprises approximately 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned about 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 owned by hedge funds and other institutional investors.

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.