Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ ASPS opened at $0.69 on Friday. The firm has a market capitalization of $18.79 million, a price-to-earnings ratio of -0.49 and a beta of 0.90. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.93. Altisource Portfolio Solutions has a 52-week low of $0.43 and a 52-week high of $3.17.

Institutional Trading of Altisource Portfolio Solutions

A number of large investors have recently modified their holdings of the company. Nantahala Capital Management LLC boosted its holdings in shares of Altisource Portfolio Solutions by 95.1% in the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 1,037,275 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions in the fourth quarter valued at approximately $302,000. Finally, Geode Capital Management LLC raised its stake in Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after buying an additional 16,390 shares in the last quarter. Hedge funds and other institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates through Servicer and Real Estate, and Origination segments. The Servicer and Real Estate segment offers property preservation, inspection, title insurance and settlement, real estate valuation, foreclosure trustee, and residential and commercial construction inspection and risk mitigation services.