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

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

Altisource Portfolio Solutions Stock Up 0.5 %

Shares of Altisource Portfolio Solutions stock opened at $0.72 on Friday. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $3.17. The business’s fifty day moving average is $0.75 and its two-hundred day moving average is $0.94. The firm has a market cap of $19.54 million, a PE ratio of -0.51 and a beta of 0.90.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings 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 worth $131,000 after acquiring an additional 16,390 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions in the fourth quarter valued at approximately $302,000. Finally, Nantahala Capital Management LLC increased its position in Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 1,037,275 shares during the last quarter. 41.36% of the stock is 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.