Separately, Zacks Investment Research lowered shares of Altisource Portfolio Solutions from a strong-buy rating to a hold rating in a report on Thursday, December 27th.
Shares of NASDAQ ASPS opened at $24.90 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market cap of $408.37 million, a PE ratio of -77.81 and a beta of 1.05. Altisource Portfolio Solutions has a 52-week low of $19.36 and a 52-week high of $37.86.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in Altisource Portfolio Solutions by 0.9% in the 3rd quarter. BlackRock Inc. now owns 804,357 shares of the business services provider’s stock worth $25,924,000 after purchasing an additional 7,447 shares during the last quarter. Vanguard Group Inc grew its position in Altisource Portfolio Solutions by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 1,541,226 shares of the business services provider’s stock worth $49,674,000 after purchasing an additional 94,489 shares during the last quarter. One Wealth Advisors LLC bought a new position in Altisource Portfolio Solutions in the 3rd quarter worth about $116,000. Vanguard Group Inc. grew its position in Altisource Portfolio Solutions by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,541,226 shares of the business services provider’s stock worth $49,674,000 after purchasing an additional 94,489 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Altisource Portfolio Solutions by 467.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,888 shares of the business services provider’s stock worth $65,000 after purchasing an additional 2,379 shares during the last quarter. Institutional investors and hedge funds own 68.24% of the company’s stock.
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 in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.
See Also: Ex-Dividend
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