Altisource Asset Management (NYSEAMERICAN:AAMC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Altisource Asset Management (NYSEAMERICAN:AAMCGet Rating) in a research report report published on Monday. The firm issued a hold rating on the asset manager’s stock.

Shares of AAMC opened at $11.06 on Monday. Altisource Asset Management has a 12 month low of $8.78 and a 12 month high of $18.70. The stock’s fifty day simple moving average is $10.61. The firm has a market capitalization of $22.74 million, a PE ratio of 0.17 and a beta of 1.08.

Altisource Asset Management (NYSEAMERICAN:AAMCGet Rating) last posted its quarterly earnings results on Friday, April 22nd. The asset manager reported $0.66 earnings per share (EPS) for the quarter.

Several institutional investors and hedge funds have recently modified their holdings of AAMC. Biltmore Family Office LLC bought a new position in Altisource Asset Management during the first quarter worth about $507,000. Accretive Wealth Partners LLC bought a new position in Altisource Asset Management during the first quarter worth about $182,000. Finally, Laurel Wealth Advisors Inc. bought a new position in Altisource Asset Management during the first quarter worth about $430,000. 20.74% of the stock is currently owned by institutional investors.

About Altisource Asset Management (Get Rating)

Altisource Asset Management Corporation is an asset management company that provides liquidity and capital to under-served market and 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.

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