Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CFO Purchases $50,000.40 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CFO Michelle D. Esterman bought 13,889 shares of the stock in a transaction on Friday, September 8th. The shares were bought at an average price of $3.60 per share, for a total transaction of $50,000.40. Following the acquisition, the chief financial officer now owns 95,393 shares in the company, valued at approximately $343,414.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Altisource Portfolio Solutions Stock Down 1.0 %

Shares of ASPS stock opened at $3.97 on Monday. The stock has a market cap of $82.85 million, a price-to-earnings ratio of -1.24 and a beta of 1.14. Altisource Portfolio Solutions S.A. has a fifty-two week low of $3.52 and a fifty-two week high of $17.67. The firm’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $4.80.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.33). The business had revenue of $33.17 million during the quarter, compared to the consensus estimate of $35.03 million. On average, equities analysts forecast that Altisource Portfolio Solutions S.A. will post -2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Altisource Portfolio Solutions in a research report on Thursday, August 17th. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ASPS. UBS Group AG grew its position in shares of Altisource Portfolio Solutions by 1,199.4% during the third quarter. UBS Group AG now owns 2,053 shares of the business services provider’s stock worth $27,000 after buying an additional 1,895 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC raised its stake in shares of Altisource Portfolio Solutions by 139.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 8,192 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 4,767 shares in the last quarter. Accretive Wealth Partners LLC acquired a new stake in shares of Altisource Portfolio Solutions in the 1st quarter valued at about $46,000. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Altisource Portfolio Solutions in the 1st quarter valued at about $46,000. 29.29% of the stock is owned by institutional investors and hedge funds.

About Altisource Portfolio Solutions

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 provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform.