Raymond James & Associates Buys 4,625 Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Raymond James & Associates grew its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 21.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,125 shares of the business services provider’s stock after acquiring an additional 4,625 shares during the period. Raymond James & Associates owned about 0.13% of Altisource Portfolio Solutions worth $149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in 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 during the period. State Street Corp increased its holdings in Altisource Portfolio Solutions by 5.9% during the first quarter. State Street Corp now owns 40,002 shares of the business services provider’s stock valued at $473,000 after buying an additional 2,235 shares during the period. Renaissance Technologies LLC increased its holdings in Altisource Portfolio Solutions by 0.4% during the second quarter. Renaissance Technologies LLC now owns 632,722 shares of the business services provider’s stock valued at $6,795,000 after buying an additional 2,800 shares during the period. Prelude Capital Management LLC purchased a new position in Altisource Portfolio Solutions during the second quarter valued at approximately $108,000. Finally, UBS Group AG increased its holdings in 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 valued at $27,000 after buying an additional 1,895 shares during the period. Institutional investors own 29.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Altisource Portfolio Solutions in a report on Thursday, October 5th. They set a “sell” rating on the stock.

Altisource Portfolio Solutions Trading Down 0.5 %

NASDAQ ASPS opened at $3.91 on Tuesday. The firm’s fifty day simple moving average is $4.09 and its two-hundred day simple moving average is $4.63. Altisource Portfolio Solutions S.A. has a 12-month low of $3.52 and a 12-month high of $17.67. The firm has a market capitalization of $103.58 million, a P/E ratio of -1.39 and a beta of 1.06.

Insiders Place Their Bets

In other news, CFO Michelle D. Esterman purchased 13,889 shares of the business’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $3.60 per share, with a total value of $50,000.40. Following the completion of the acquisition, the chief financial officer now owns 95,393 shares of the company’s stock, valued at $343,414.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Michelle D. Esterman purchased 13,889 shares of the business’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $3.60 per share, with a total value of $50,000.40. Following the completion of the acquisition, the chief financial officer now owns 95,393 shares of the company’s stock, valued at $343,414.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 disclosure for this purchase can be found here. Over the last three months, insiders have bought 83,334 shares of company stock valued at $300,002. 5.96% of the stock is currently owned by insiders.

Altisource Portfolio Solutions Company Profile

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.