Deer Park Road Management Comp Purchases 200,000 Shares of Altisource Portfolio Solutions S.A. (ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp bought 200,000 shares of Altisource Portfolio Solutions stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $23.75 per share, for a total transaction of $4,750,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Deer Park Road Management Comp also recently made the following trade(s):

  • On Tuesday, January 9th, Deer Park Road Management Comp bought 350,000 shares of Altisource Portfolio Solutions stock. The stock was purchased at an average cost of $27.93 per share, for a total transaction of $9,775,500.00.

Shares of Altisource Portfolio Solutions S.A. (ASPS) traded up $0.50 during mid-day trading on Wednesday, hitting $25.32. The stock had a trading volume of 582,000 shares, compared to its average volume of 207,433. Altisource Portfolio Solutions S.A. has a 1 year low of $16.17 and a 1 year high of $46.99. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 6.46. The company has a market capitalization of $444.40, a PE ratio of 211.00, a price-to-earnings-growth ratio of 0.59 and a beta of 0.97.

ASPS has been the topic of several research reports. Zacks Investment Research cut Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. BidaskClub raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a report on Saturday, December 16th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $26.00 target price on shares of Altisource Portfolio Solutions in a report on Sunday, October 29th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.33.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Altisource Portfolio Solutions by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after purchasing an additional 358 shares during the last quarter. Wells Fargo & Company MN grew its position in Altisource Portfolio Solutions by 0.4% in the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after acquiring an additional 39 shares in the last quarter. First Trust Advisors LP purchased a new position in Altisource Portfolio Solutions in the third quarter worth about $240,000. Alliancebernstein L.P. grew its position in Altisource Portfolio Solutions by 154.4% in the second quarter. Alliancebernstein L.P. now owns 26,360 shares of the business services provider’s stock worth $575,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Altisource Portfolio Solutions in the third quarter worth about $617,000. 52.88% of the stock is currently owned by hedge funds and other institutional investors.

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About Altisource Portfolio Solutions

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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