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

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

Altisource Portfolio Solutions Stock Up 2.3 %

ASPS opened at $0.88 on Tuesday. Altisource Portfolio Solutions has a 52 week low of $0.43 and a 52 week high of $2.71. The business has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.90. The firm has a market cap of $23.95 million, a P/E ratio of -0.62 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Altisource Portfolio Solutions by 8.9% during 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 during the period. Integrated Wealth Concepts LLC purchased a new position in Altisource Portfolio Solutions in the fourth quarter valued at $302,000. Finally, Nantahala Capital Management LLC boosted its holdings in 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. 41.36% of the stock is currently 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.