Insider Buying: Altisource Portfolio Solutions S.A. (ASPS) Major Shareholder Buys $9,775,500.00 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp acquired 350,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was bought at an average price of $27.93 per share, with a total value of $9,775,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Deer Park Road Management Comp also recently made the following trade(s):

  • On Thursday, November 2nd, Deer Park Road Management Comp acquired 15,236 shares of Altisource Portfolio Solutions stock. The stock was bought at an average price of $25.83 per share, with a total value of $393,545.88.
  • On Wednesday, November 8th, Deer Park Road Management Comp acquired 27,506 shares of Altisource Portfolio Solutions stock. The stock was bought at an average price of $25.11 per share, with a total value of $690,675.66.
  • On Friday, October 27th, Deer Park Road Management Comp acquired 40,741 shares of Altisource Portfolio Solutions stock. The stock was bought at an average price of $24.58 per share, with a total value of $1,001,413.78.

Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) opened at $29.29 on Friday. Altisource Portfolio Solutions S.A. has a 12 month low of $16.17 and a 12 month high of $46.99. The firm has a market cap of $505.09, a PE ratio of 244.08, a PEG ratio of 0.67 and a beta of 0.99. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Altisource Portfolio Solutions had a net margin of 0.23% and a return on equity of 81.23%. The business had revenue of $235.00 million during the quarter, compared to the consensus estimate of $215.40 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. research analysts expect that Altisource Portfolio Solutions S.A. will post 2.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ASPS. GLG Partners LP acquired a new stake in shares of Altisource Portfolio Solutions during the second quarter worth about $3,585,000. Vanguard Group Inc. boosted its stake in shares of Altisource Portfolio Solutions by 8.3% during the second quarter. Vanguard Group Inc. now owns 937,815 shares of the business services provider’s stock worth $20,463,000 after buying an additional 72,193 shares during the period. Balyasny Asset Management LLC boosted its stake in shares of Altisource Portfolio Solutions by 185.7% during the second quarter. Balyasny Asset Management LLC now owns 100,000 shares of the business services provider’s stock worth $2,182,000 after buying an additional 65,000 shares during the period. Laurel Wealth Advisors Inc. acquired a new stake in shares of Altisource Portfolio Solutions during the second quarter worth about $1,287,000. Finally, People s United Financial Inc. boosted its stake in shares of Altisource Portfolio Solutions by 186.1% during the second quarter. People s United Financial Inc. now owns 80,210 shares of the business services provider’s stock worth $1,750,000 after buying an additional 52,176 shares during the period. Institutional investors and hedge funds own 53.55% of the company’s stock.

Several research firms have issued reports on ASPS. BidaskClub upgraded shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Northland Securities restated a “hold” rating and issued a $26.00 price objective on shares of Altisource Portfolio Solutions in a research note on Sunday, October 29th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.33.

TRADEMARK VIOLATION WARNING: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/14/insider-buying-altisource-portfolio-solutions-s-a-asps-major-shareholder-buys-9775500-00-in-stock.html.

About Altisource Portfolio Solutions

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

Insider Buying and Selling by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

Receive News & Ratings for Altisource Portfolio Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply