Altisource Portfolio Solutions (NASDAQ:ASPS) Shares Set to Reverse Split on Wednesday, May 28th

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)’s stock is scheduled to reverse split on the morning of Wednesday, May 28th. The 1-8 reverse split was announced on Tuesday, May 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, May 27th.

Altisource Portfolio Solutions Stock Down 1.8%

ASPS opened at $0.80 on Friday. The firm has a market cap of $69.98 million, a price-to-earnings ratio of -0.56 and a beta of 0.33. Altisource Portfolio Solutions has a fifty-two week low of $0.22 and a fifty-two week high of $1.14. The company’s 50-day moving average price is $0.84 and its 200 day moving average price is $0.81.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.02) EPS for the quarter.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Altisource Portfolio Solutions in a research note on Tuesday. They set a “sell” rating on the stock.

Insider Activity

In other news, CEO William B. Shepro bought 210,498 shares of the business’s stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $0.48 per share, with a total value of $101,039.04. Following the transaction, the chief executive officer now directly owns 310,498 shares in the company, valued at approximately $149,039.04. The trade was a 210.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Altisource Portfolio Solutions

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted 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 valued at $131,000 after buying an additional 16,390 shares in the last quarter. Nantahala Capital Management LLC raised its stake in shares of Altisource Portfolio Solutions by 95.1% during the fourth quarter. Nantahala Capital Management LLC now owns 2,128,284 shares of the business services provider’s stock worth $1,399,000 after buying an additional 1,037,275 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Altisource Portfolio Solutions in the fourth quarter valued at approximately $302,000. XTX Topco Ltd increased its stake in Altisource Portfolio Solutions by 306.4% in the first quarter. XTX Topco Ltd now owns 80,818 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 60,933 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Altisource Portfolio Solutions in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 41.36% of the company’s stock.

About Altisource Portfolio Solutions

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.