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

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

Altisource Portfolio Solutions Stock Down 5.2 %

NASDAQ ASPS opened at $0.82 on Monday. The stock has a market capitalization of $22.36 million, a P/E ratio of -0.58 and a beta of 0.94. Altisource Portfolio Solutions has a 52-week low of $0.70 and a 52-week high of $4.60. The firm has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.33.

Institutional Trading of Altisource Portfolio Solutions

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its stake in shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the period. Altisource Portfolio Solutions makes up about 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest position. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent filing with the SEC. 41.36% of the stock is currently owned by 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.