Research analysts at StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS – Get Free Report) in a research note issued to investors on Friday. The firm set a “sell” rating on the business services provider’s stock.
Altisource Portfolio Solutions Stock Down 18.0 %
Shares of NASDAQ ASPS opened at $0.51 on Friday. The firm has a 50-day simple moving average of $0.95 and a 200-day simple moving average of $1.18. The stock has a market capitalization of $13.86 million, a price-to-earnings ratio of -0.36 and a beta of 0.86. Altisource Portfolio Solutions has a 52 week low of $0.49 and a 52 week high of $3.71.
Hedge Funds Weigh In On Altisource Portfolio Solutions
A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS – Free Report) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the quarter. Altisource Portfolio Solutions comprises approximately 0.2% of Deer Park Road Corp’s investment portfolio, making the stock its 2nd biggest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent reporting period. 41.36% of the stock is owned by hedge funds and other institutional investors.
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.
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