Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Major Shareholder Purchases $9,775,500.00 in Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp purchased 350,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were purchased at an average cost of $27.93 per share, for a total transaction of $9,775,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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

Altisource Portfolio Solutions S.A. (ASPS) traded down $0.94 on Monday, hitting $26.22. 140,257 shares of the company traded hands, compared to its average volume of 178,778. The company has a debt-to-equity ratio of 6.46, a current ratio of 2.57 and a quick ratio of 2.57. Altisource Portfolio Solutions S.A. has a twelve month low of $16.17 and a twelve month high of $46.99. The firm has a market capitalization of $469.46, a PE ratio of 238.36, a PEG ratio of 0.64 and a beta of 0.97.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Altisource Portfolio Solutions by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock valued at $195,000 after buying an additional 358 shares during the period. Wells Fargo & Company MN raised its holdings in Altisource Portfolio Solutions by 0.4% in the second quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock valued at $228,000 after buying an additional 39 shares during the period. First Trust Advisors LP purchased a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $240,000. Alliancebernstein L.P. raised its holdings in Altisource Portfolio Solutions by 154.4% in the second quarter. Alliancebernstein L.P. now owns 26,360 shares of the business services provider’s stock valued at $575,000 after buying an additional 16,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Altisource Portfolio Solutions in the third quarter valued at approximately $617,000. 53.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on ASPS shares. Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Northland Securities reissued a “hold” rating and issued a $26.00 target price on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Finally, BidaskClub cut shares of Altisource Portfolio Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Altisource Portfolio Solutions presently has a consensus rating of “Hold” and an average price target of $22.33.

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Altisource Portfolio Solutions Company Profile

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)

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