Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) have been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.50.
Several analysts recently issued reports on ASPS shares. Northland Securities reaffirmed a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research note on Sunday, October 29th. BidaskClub raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, December 16th. Finally, Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st.
Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at $28.98 on Friday. The company has a market cap of $518.88, a PE ratio of 263.45, a PEG ratio of 0.66 and a beta of 0.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. Altisource Portfolio Solutions has a one year low of $16.17 and a one year high of $46.99.
In other news, major shareholder Deer Park Road Management Comp bought 40,741 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $24.58 per share, for a total transaction of $1,001,413.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Indroneel Chatterjee bought 1,200 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $26.32 per share, for a total transaction of $31,584.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 434,683 shares of company stock valued at $11,892,719. 6.75% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of ASPS. GLG Partners LP acquired a new position in Altisource Portfolio Solutions in the 2nd quarter valued at about $3,585,000. Vanguard Group Inc. boosted its holdings in Altisource Portfolio Solutions by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock valued at $20,463,000 after purchasing an additional 72,193 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Altisource Portfolio Solutions by 185.7% in the 2nd quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock valued at $2,182,000 after purchasing an additional 65,000 shares during the last quarter. Laurel Wealth Advisors Inc. acquired a new position in Altisource Portfolio Solutions in the 2nd quarter valued at about $1,287,000. Finally, People s United Financial Inc. boosted its holdings in Altisource Portfolio Solutions by 186.1% in the 2nd quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock valued at $1,750,000 after purchasing an additional 52,176 shares during the last quarter. Institutional investors own 53.55% of the company’s stock.
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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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