Altisource Portfolio Solutions S.A. (ASPS) Cut to D+ at TheStreet
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was downgraded by TheStreet from a “c” rating to a “d+” rating in a research report issued to clients and investors on Monday.
ASPS has been the topic of several other reports. Northland Securities lowered Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Zacks Investment Research lowered Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 22nd.
Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) traded down 8.08% during midday trading on Monday, hitting $18.76. 519,757 shares of the stock traded hands. Altisource Portfolio Solutions has a 1-year low of $16.17 and a 1-year high of $46.99. The company has a market capitalization of $345.78 million, a P/E ratio of 21.74 and a beta of 1.12. The stock has a 50 day moving average of $29.41 and a 200 day moving average of $27.54.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, April 27th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $229.84 million for the quarter, compared to analyst estimates of $217.90 million. Altisource Portfolio Solutions had a return on equity of 177.60% and a net margin of 0.39%. Altisource Portfolio Solutions’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. Equities research analysts predict that Altisource Portfolio Solutions will post $2.83 earnings per share for the current fiscal year.
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In related news, Director Orin S. Kramer bought 25,000 shares of Altisource Portfolio Solutions stock in a transaction dated Friday, February 24th. The shares were bought at an average cost of $21.91 per share, with a total value of $547,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Deer Park Road Management Comp bought 55,000 shares of Altisource Portfolio Solutions stock in a transaction dated Wednesday, May 10th. The shares were bought at an average cost of $18.92 per share, for a total transaction of $1,040,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 133,262 shares of company stock worth $3,040,104. 6.03% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in ASPS. Welch Group LLC bought a new stake in Altisource Portfolio Solutions during the first quarter valued at about $108,000. TrimTabs Asset Management LLC raised its stake in Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,576 shares during the period. KCG Holdings Inc. bought a new stake in Altisource Portfolio Solutions during the first quarter valued at about $201,000. Parametric Portfolio Associates LLC bought a new stake in Altisource Portfolio Solutions during the first quarter valued at about $244,000. Finally, American International Group Inc. raised its stake in Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after buying an additional 473 shares during the period. 67.18% of the stock is currently owned by institutional investors.
Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
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