Altisource Portfolio Solutions (NASDAQ:ASPS) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.
Several other research firms have also recently weighed in on ASPS. Zacks Investment Research cut shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Northland Securities restated a “hold” rating and issued a $26.00 price objective on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Altisource Portfolio Solutions has an average rating of “Buy” and a consensus price target of $22.33.
Altisource Portfolio Solutions (ASPS) traded down $0.61 during mid-day trading on Wednesday, hitting $28.87. 122,930 shares of the company traded hands, compared to its average volume of 340,873. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. The company has a market capitalization of $538.22, a PE ratio of 262.45, a price-to-earnings-growth ratio of 0.53 and a beta of 1.01. Altisource Portfolio Solutions has a one year low of $16.17 and a one year high of $46.99.
In other Altisource Portfolio Solutions news, CFO Indroneel Chatterjee purchased 1,200 shares of Altisource Portfolio Solutions stock in a transaction on Tuesday, October 31st. The shares were acquired at an average cost of $26.32 per share, for a total transaction of $31,584.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Deer Park Road Management Comp purchased 40,741 shares of Altisource Portfolio Solutions stock in a transaction on Friday, October 27th. The shares were acquired at an average price of $24.58 per share, for a total transaction of $1,001,413.78. The disclosure for this purchase can be found here. Insiders have acquired 84,683 shares of company stock worth $2,117,219 over the last quarter. Company insiders own 6.75% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. grew its position in Altisource Portfolio Solutions by 23.4% during the second quarter. Nomura Holdings Inc. now owns 263,499 shares of the business services provider’s stock valued at $5,772,000 after acquiring an additional 50,018 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Altisource Portfolio Solutions by 13.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 119,785 shares of the business services provider’s stock valued at $2,614,000 after purchasing an additional 13,922 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Altisource Portfolio Solutions during the third quarter valued at approximately $753,000. Alliancebernstein L.P. boosted its stake in shares of Altisource Portfolio Solutions by 154.4% during the second quarter. Alliancebernstein L.P. now owns 26,360 shares of the business services provider’s stock valued at $575,000 after purchasing an additional 16,000 shares during the period. Finally, Laurel Wealth Advisors Inc. purchased a new stake in shares of Altisource Portfolio Solutions during the second quarter valued at approximately $1,287,000. Institutional investors and hedge funds own 53.55% of the company’s stock.
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Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
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