Laurel Wealth Advisors Inc. decreased its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,255 shares of the business services provider’s stock after selling 14,731 shares during the quarter. Laurel Wealth Advisors Inc. owned 0.28% of Altisource Portfolio Solutions worth $1,379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC acquired a new stake in Altisource Portfolio Solutions during the fourth quarter worth approximately $298,000. Paloma Partners Management Co acquired a new stake in Altisource Portfolio Solutions during the fourth quarter worth approximately $1,173,000. Two Sigma Advisers LP increased its holdings in shares of Altisource Portfolio Solutions by 34.7% in the 4th quarter. Two Sigma Advisers LP now owns 38,802 shares of the business services provider’s stock valued at $1,086,000 after acquiring an additional 10,002 shares during the period. Deutsche Bank AG increased its holdings in shares of Altisource Portfolio Solutions by 25.6% in the 4th quarter. Deutsche Bank AG now owns 59,881 shares of the business services provider’s stock valued at $1,674,000 after acquiring an additional 12,215 shares during the period. Finally, Deer Park Road Corp acquired a new position in shares of Altisource Portfolio Solutions in the 4th quarter valued at $58,478,000. 66.39% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ASPS. BidaskClub raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.33.
Shares of NASDAQ ASPS opened at $25.82 on Friday. The firm has a market cap of $448.05, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.62 and a beta of 1.05. Altisource Portfolio Solutions S.A. has a one year low of $16.17 and a one year high of $46.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.48 and a current ratio of 2.48.
Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). Altisource Portfolio Solutions had a return on equity of 39.07% and a net margin of 33.47%. The company had revenue of $216.07 million for the quarter, compared to analysts’ expectations of $197.50 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Altisource Portfolio Solutions’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts forecast that Altisource Portfolio Solutions S.A. will post 2.07 EPS for the current year.
In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp acquired 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were acquired at an average cost of $27.93 per share, for a total transaction of $9,775,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased a total of 651,359 shares of company stock worth $17,179,079 over the last quarter. Insiders own 6.75% of the company’s stock.
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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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