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

StockNews.com assumed coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research report report published on Saturday morning. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Up 0.3 %

NASDAQ:ASPS opened at $0.73 on Friday. Altisource Portfolio Solutions has a 52 week low of $0.43 and a 52 week high of $3.17. The stock has a market capitalization of $19.93 million, a PE ratio of -0.52 and a beta of 0.90. The stock’s 50-day moving average price is $0.75 and its 200-day moving average price is $0.95.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of institutional investors have recently modified their holdings of ASPS. Nantahala Capital Management LLC grew its position in shares of Altisource Portfolio Solutions by 95.1% during 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 acquiring an additional 1,037,275 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Altisource Portfolio Solutions in the 4th quarter valued at about $302,000. Finally, Geode Capital Management LLC lifted its stake 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 buying an additional 16,390 shares in the last quarter. 41.36% of the stock is currently owned by institutional investors and hedge funds.

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.