Analysts at StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a report released on Sunday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Up 6.6 %
NASDAQ:ASPS opened at $0.72 on Friday. Altisource Portfolio Solutions has a 52 week low of $0.43 and a 52 week high of $3.36. The company has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $1.09. The company has a market cap of $19.65 million, a price-to-earnings ratio of -0.51 and a beta of 0.90.
Institutional Investors Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp lifted its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,277,138 shares of the business services provider’s stock after buying an additional 28,162 shares during the quarter. Altisource Portfolio Solutions makes up approximately 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd biggest 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 owned by hedge funds and other institutional investors.
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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