Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 4,312,985 shares, a drop of 0.7% from the May 15th total of 4,344,096 shares. Based on an average daily volume of 278,595 shares, the days-to-cover ratio is presently 15.5 days.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 22nd. Northland Securities downgraded shares of Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Finally, TheStreet downgraded shares of Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a report on Monday, May 15th.
In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp purchased 55,000 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average price of $18.92 per share, with a total value of $1,040,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.03% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Whitebox Advisors LLC bought a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $3,496,000. Schwab Charles Investment Management Inc. boosted its stake in Altisource Portfolio Solutions by 7.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 105,863 shares of the business services provider’s stock worth $3,896,000 after buying an additional 7,767 shares in the last quarter. KCG Holdings Inc. bought a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $201,000. Clearline Capital LP bought a new stake in Altisource Portfolio Solutions during the first quarter worth approximately $615,000. Finally, UBS Group AG boosted its stake in Altisource Portfolio Solutions by 605.2% in the first quarter. UBS Group AG now owns 23,822 shares of the business services provider’s stock worth $876,000 after buying an additional 20,444 shares in the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Altisource Portfolio Solutions (NASDAQ ASPS) opened at 21.88 on Friday. The firm’s 50-day moving average is $20.45 and its 200-day moving average is $26.68. The stock has a market capitalization of $403.29 million, a P/E ratio of 25.35 and a beta of 0.88. Altisource Portfolio Solutions has a 12-month low of $16.17 and a 12-month high of $46.99.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Thursday, April 27th. The business services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Altisource Portfolio Solutions had a return on equity of 102.97% and a net margin of 1.72%. The firm had revenue of $229.84 million for the quarter, compared to analysts’ expectations of $217.90 million. During the same period in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts predict that Altisource Portfolio Solutions will post $2.63 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Altisource Portfolio Solutions S.A. (ASPS) Short Interest Down 0.7% in May” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.wkrb13.com/markets/2229475/altisource-portfolio-solutions-s-a-asps-short-interest-down-0-7-in-may.html.
Altisource Portfolio Solutions Company Profile
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229475/altisource-portfolio-solutions-s-a-asps-short-interest-down-0-7-in-may.html
Receive News & Ratings for Altisource Portfolio Solutions S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altisource Portfolio Solutions S.A. and related companies with MarketBeat.com's FREE daily email newsletter.