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

Research analysts at StockNews.com initiated coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report issued on Saturday. The brokerage set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

NASDAQ ASPS opened at $0.73 on Friday. The company has a market capitalization of $19.93 million, a P/E ratio of -0.52 and a beta of 0.90. Altisource Portfolio Solutions has a one year low of $0.43 and a one year high of $3.17. The stock has a 50 day moving average price of $0.75 and a 200-day moving average price of $0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC raised its holdings in Altisource Portfolio Solutions by 95.1% during 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. Integrated Wealth Concepts LLC purchased a new stake in Altisource Portfolio Solutions during the 4th quarter valued at $302,000. Finally, Geode Capital Management LLC raised its holdings 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 valued at $131,000 after buying an additional 16,390 shares during the period. 41.36% of the stock is currently owned by institutional investors.

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.