William B. Shepro Purchases 210,498 Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Stock

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) CEO William B. Shepro acquired 210,498 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $0.48 per share, for a total transaction of $101,039.04. Following the acquisition, the chief executive officer now directly owns 310,498 shares in the company, valued at $149,039.04. This represents a 210.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Altisource Portfolio Solutions Trading Up 6.8 %

Altisource Portfolio Solutions stock opened at $0.71 on Thursday. The company has a market capitalization of $19.19 million, a PE ratio of -0.50 and a beta of 0.47. The stock has a 50-day moving average price of $0.78 and a two-hundred day moving average price of $0.87. Altisource Portfolio Solutions S.A. has a 12 month low of $0.43 and a 12 month high of $2.11.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Altisource Portfolio Solutions in a research note on Thursday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Altisource Portfolio Solutions by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 199,824 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 16,390 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Altisource Portfolio Solutions in the 4th quarter valued at $302,000. Finally, 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 last quarter. 41.36% of the stock is owned by institutional investors and hedge funds.

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.