Altisource Asset Management (NYSEAMERICAN:AAMC) Shares Pass Above 50 Day Moving Average of $0.00

Shares of Altisource Asset Management Corp (NYSEAMERICAN:AAMC) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $13.00. Altisource Asset Management shares last traded at $12.87, with a volume of 2,801 shares.

An institutional investor recently raised its position in Altisource Asset Management stock. Twin Securities Inc. raised its position in Altisource Asset Management Corp (NYSEAMERICAN:AAMC) by 8.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 69,122 shares of the asset manager’s stock after acquiring an additional 5,587 shares during the period. Altisource Asset Management comprises 0.3% of Twin Securities Inc.’s portfolio, making the stock its 10th biggest position. Twin Securities Inc. owned about 4.34% of Altisource Asset Management worth $795,000 at the end of the most recent reporting period.

About Altisource Asset Management (NYSEAMERICAN:AAMC)

Altisource Asset Management Corporation, an asset management company, provides portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families.

Recommended Story: Relative Strength Index

Receive News & Ratings for Altisource Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.