StockNews.com Begins Coverage on Altisource Portfolio Solutions (NASDAQ:ASPS)

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

Altisource Portfolio Solutions Stock Performance

Shares of NASDAQ ASPS opened at $0.68 on Friday. The firm has a fifty day moving average of $0.76 and a 200 day moving average of $0.93. The firm has a market cap of $18.60 million, a PE ratio of -0.48 and a beta of 0.90. Altisource Portfolio Solutions has a one year low of $0.43 and a one year high of $3.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Altisource Portfolio Solutions by 8.9% during the 4th 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. Integrated Wealth Concepts LLC acquired a new stake in shares of Altisource Portfolio Solutions in the fourth quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC increased its position in shares of Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 1,037,275 shares in the last quarter. Institutional investors and hedge funds 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.