Altisource Portfolio Solutions S.A. (ASPS) Short Interest Update

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) saw a significant drop in short interest in January. As of January 12th, there was short interest totalling 3,148,971 shares, a drop of 2.9% from the December 29th total of 3,243,783 shares. Based on an average daily volume of 248,891 shares, the days-to-cover ratio is presently 12.7 days. Approximately 37.2% of the company’s shares are short sold.

In other news, major shareholder Deer Park Road Management Comp purchased 27,506 shares of Altisource Portfolio Solutions stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $25.11 per share, with a total value of $690,675.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.75% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Altisource Portfolio Solutions by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 39 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Altisource Portfolio Solutions by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock valued at $195,000 after acquiring an additional 358 shares in the last quarter. Teachers Advisors LLC lifted its position in Altisource Portfolio Solutions by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 33,593 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 2,223 shares in the last quarter. California Public Employees Retirement System lifted its position in Altisource Portfolio Solutions by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 64,300 shares of the business services provider’s stock valued at $1,403,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its position in Altisource Portfolio Solutions by 8.5% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 63,986 shares of the business services provider’s stock valued at $1,654,000 after acquiring an additional 4,995 shares in the last quarter. 53.05% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on ASPS. Northland Securities reissued a “hold” rating and set a $26.00 price target on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. BidaskClub raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, December 16th. Finally, Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Altisource Portfolio Solutions has a consensus rating of “Buy” and a consensus target price of $22.33.

Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at $28.15 on Friday. The company has a market cap of $504.02, a price-to-earnings ratio of 255.91, a P/E/G ratio of 0.72 and a beta of 0.99. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99. The company has a debt-to-equity ratio of 6.46, a current ratio of 2.57 and a quick ratio of 2.57.

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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.

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