Altisource Portfolio Solutions (NASDAQ:ASPS) Research Coverage Started at StockNews.com

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

Altisource Portfolio Solutions Trading Down 9.6 %

Altisource Portfolio Solutions stock opened at $0.80 on Tuesday. Altisource Portfolio Solutions has a twelve month low of $0.43 and a twelve month high of $2.58. The stock has a 50 day moving average of $0.78 and a two-hundred day moving average of $0.90. The stock has a market capitalization of $21.91 million, a price-to-earnings ratio of -0.57 and a beta of 0.87.

Institutional Trading of Altisource Portfolio Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Altisource Portfolio Solutions by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock worth $131,000 after acquiring an additional 16,390 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at approximately $302,000. Finally, Nantahala Capital Management LLC lifted its holdings in shares of 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 valued at $1,399,000 after buying an additional 1,037,275 shares during the period. 41.36% of the stock is 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.