Altisource Portfolio Solutions (NASDAQ:ASPS) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued to investors on Saturday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Price Performance

ASPS stock opened at $0.73 on Friday. Altisource Portfolio Solutions has a 1-year low of $0.43 and a 1-year high of $3.17. The company has a market capitalization of $19.93 million, a price-to-earnings ratio of -0.52 and a beta of 0.90. The business has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASPS. Geode Capital Management LLC boosted 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 worth $131,000 after purchasing an additional 16,390 shares during the period. Integrated Wealth Concepts LLC bought a new position in Altisource Portfolio Solutions in the 4th quarter worth approximately $302,000. Finally, Nantahala Capital Management LLC boosted its stake in 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 worth $1,399,000 after purchasing an additional 1,037,275 shares during the period. 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.