Altisource Portfolio Solutions S.A. (ASPS) Short Interest Down 0.7% in May

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.

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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.

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