Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro Purchases 210,498 Shares

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro acquired 210,498 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $0.48 per share, with a total value of $101,039.04. Following the transaction, the chief executive officer now owns 310,498 shares of the company’s stock, valued at approximately $149,039.04. This represents a 210.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Altisource Portfolio Solutions Stock Performance

ASPS opened at $0.71 on Thursday. The company has a fifty day moving average of $0.78 and a two-hundred day moving average of $0.87. Altisource Portfolio Solutions S.A. has a fifty-two week low of $0.43 and a fifty-two week high of $2.11. The stock has a market capitalization of $19.19 million, a price-to-earnings ratio of -0.50 and a beta of 0.47.

Hedge Funds Weigh In On Altisource Portfolio Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Altisource Portfolio Solutions in the 4th quarter valued at about $302,000. Geode Capital Management LLC boosted its holdings in Altisource Portfolio Solutions by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 16,390 shares in the last quarter. Finally, Nantahala Capital Management LLC increased its holdings in shares of Altisource Portfolio Solutions by 95.1% in the 4th 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 in the last quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Altisource Portfolio Solutions in a report on Thursday. They set a “sell” rating on the 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.