Insider Buying: Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director Acquires $100,000.80 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Director John G. Aldridge, Jr. acquired 27,778 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $100,000.80. Following the completion of the acquisition, the director now owns 60,605 shares in the company, valued at $218,178. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS opened at $3.97 on Monday. Altisource Portfolio Solutions S.A. has a one year low of $3.52 and a one year high of $17.67. The company has a 50-day simple moving average of $4.85 and a 200-day simple moving average of $4.80. The firm has a market capitalization of $82.85 million, a PE ratio of -1.24 and a beta of 1.14.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its earnings results on Thursday, July 27th. The business services provider reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.33). The company had revenue of $33.17 million during the quarter, compared to analysts’ expectations of $35.03 million. Equities analysts forecast that Altisource Portfolio Solutions S.A. will post -2.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASPS. Cannell Capital LLC acquired a new position in shares of Altisource Portfolio Solutions in the first quarter worth about $3,284,000. Renaissance Technologies LLC boosted its stake in Altisource Portfolio Solutions by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider’s stock worth $6,795,000 after purchasing an additional 2,800 shares during the period. Vanguard Group Inc. grew its holdings in shares of Altisource Portfolio Solutions by 4.2% during the first quarter. Vanguard Group Inc. now owns 307,359 shares of the business services provider’s stock valued at $3,636,000 after buying an additional 12,518 shares in the last quarter. Geode Capital Management LLC lifted its stake in Altisource Portfolio Solutions by 46.3% in the 2nd quarter. Geode Capital Management LLC now owns 131,275 shares of the business services provider’s stock worth $748,000 after acquiring an additional 41,575 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Altisource Portfolio Solutions during the 4th quarter valued at about $1,071,000. Institutional investors and hedge funds own 29.29% of the company’s stock.

Analysts Set New Price Targets

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

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.