Altisource Portfolio (NASDAQ:ASPS) major shareholder Deer Park Road Management Comp purchased 111,516 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was bought at an average price of $25.93 per share, for a total transaction of $2,891,609.88. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 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, March 29th, Deer Park Road Management Comp purchased 101,359 shares of Altisource Portfolio stock. The stock was bought at an average price of $26.18 per share, for a total transaction of $2,653,578.62.
- On Monday, February 12th, Deer Park Road Management Comp purchased 200,000 shares of Altisource Portfolio stock. The stock was bought at an average price of $23.75 per share, for a total transaction of $4,750,000.00.
- On Tuesday, January 9th, Deer Park Road Management Comp purchased 350,000 shares of Altisource Portfolio stock. The stock was bought at an average price of $27.93 per share, for a total transaction of $9,775,500.00.
Shares of NASDAQ ASPS traded up $0.25 during midday trading on Monday, hitting $26.07. 3,855 shares of the stock traded hands, compared to its average volume of 188,546. The stock has a market capitalization of $449.26, a price-to-earnings ratio of 9.22, a PEG ratio of 0.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.48 and a quick ratio of 2.48. Altisource Portfolio has a one year low of $16.17 and a one year high of $46.99.
Altisource Portfolio (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $216.07 million for the quarter, compared to the consensus estimate of $197.50 million. Altisource Portfolio had a net margin of 33.47% and a return on equity of 39.07%. Altisource Portfolio’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. equities research analysts anticipate that Altisource Portfolio will post 2.07 EPS for the current year.
Several analysts have commented on the company. BidaskClub upgraded Altisource Portfolio from a “hold” rating to a “buy” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded Altisource Portfolio from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. Altisource Portfolio presently has a consensus rating of “Buy” and a consensus price target of $22.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in Altisource Portfolio by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after purchasing an additional 358 shares during the period. First Trust Advisors LP purchased a new position in Altisource Portfolio in the third quarter worth about $240,000. JPMorgan Chase & Co. bought a new stake in Altisource Portfolio in the third quarter worth about $1,073,000. Wells Fargo & Company MN lifted its stake in Altisource Portfolio by 45.1% in the third quarter. Wells Fargo & Company MN now owns 15,181 shares of the business services provider’s stock worth $393,000 after purchasing an additional 4,718 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Altisource Portfolio by 18.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 141,675 shares of the business services provider’s stock worth $3,666,000 after purchasing an additional 21,890 shares during the last quarter. 66.77% of the stock is currently owned by hedge funds and other institutional investors.
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About Altisource Portfolio
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.
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