Insider Buying: Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO Acquires $150,001.20 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro acquired 41,667 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $150,001.20. Following the completion of the acquisition, the chief executive officer now directly owns 686,800 shares of the company’s stock, valued at $2,472,480. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Altisource Portfolio Solutions Stock Performance

Shares of ASPS opened at $3.97 on Monday. The business’s 50-day moving average is $4.85 and its two-hundred day moving average is $4.80. The company has a market capitalization of $82.85 million, a P/E 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.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported ($0.73) earnings per share for the quarter, missing the consensus estimate 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. Analysts forecast that Altisource Portfolio Solutions S.A. will post -2.02 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Altisource Portfolio Solutions

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of Altisource Portfolio Solutions by 139.2% during 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 acquiring an additional 4,767 shares during the period. McIlrath & Eck LLC purchased a new position in Altisource Portfolio Solutions in the 4th quarter valued at about $28,000. UBS Group AG lifted its stake in Altisource Portfolio Solutions by 1,199.4% in the 3rd quarter. UBS Group AG now owns 2,053 shares of the business services provider’s stock valued at $27,000 after buying an additional 1,895 shares in the last quarter. Potomac Capital Management Inc. lifted its stake in Altisource Portfolio Solutions by 351.2% in the 2nd quarter. Potomac Capital Management Inc. now owns 45,115 shares of the business services provider’s stock valued at $257,000 after buying an additional 35,115 shares in the last quarter. Finally, Prelude Capital Management LLC purchased a new position in Altisource Portfolio Solutions in the 2nd quarter valued at about $110,000. 29.29% of the stock is currently 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.