Altisource Portfolio Solutions (NASDAQ:ASPS) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Altisource Portfolio Solutions (NASDAQ:ASPSGet Rating) released its quarterly earnings data on Thursday. The business services provider reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.15, MarketWatch Earnings reports. During the same period in the prior year, the firm earned ($1.40) earnings per share.

ASPS stock traded up $0.13 on Friday, hitting $10.84. The company had a trading volume of 30,062 shares, compared to its average volume of 36,984. Altisource Portfolio Solutions has a 12-month low of $5.61 and a 12-month high of $14.58. The stock’s 50-day simple moving average is $11.40 and its 200 day simple moving average is $11.72. The stock has a market cap of $174.09 million, a price-to-earnings ratio of 8.21 and a beta of 1.58.

ASPS has been the topic of several analyst reports. StockNews.com initiated coverage on Altisource Portfolio Solutions in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “buy” rating to a “sell” rating in a report on Friday.

In related news, CEO William B. Shepro bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The shares were bought at an average price of $9.85 per share, for a total transaction of $49,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 29.65% of the company’s stock.

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Royal Bank of Canada boosted its holdings in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPSGet Rating) by 854.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,464 shares of the business services provider’s stock after buying an additional 3,101 shares during the quarter. Royal Bank of Canada’s holdings in Altisource Portfolio Solutions were worth $31,000 at the end of the most recent quarter. 35.78% of the stock is currently owned by institutional investors.

About Altisource Portfolio Solutions (Get Rating)

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.

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Earnings History for Altisource Portfolio Solutions (NASDAQ:ASPS)

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