Altisource Portfolio Solutions (NASDAQ:ASPS) Now Covered by StockNews.com

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

Altisource Portfolio Solutions Stock Performance

Shares of ASPS opened at $0.68 on Wednesday. The stock has a market capitalization of $18.49 million, a PE ratio of -0.48 and a beta of 0.87. The company’s fifty day moving average is $0.77 and its 200 day moving average is $0.88. Altisource Portfolio Solutions has a fifty-two week low of $0.43 and a fifty-two week high of $2.25.

Institutional Trading of Altisource Portfolio Solutions

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Altisource Portfolio Solutions by 8.9% in the fourth 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 in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at approximately $302,000. Finally, Nantahala Capital Management LLC boosted 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 worth $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.