StockNews.com Begins Coverage on Altisource Portfolio Solutions (NASDAQ:ASPS)

Research analysts at StockNews.com began coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a research note issued on Tuesday. The firm set a “sell” rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of ASPS stock opened at $0.76 on Tuesday. Altisource Portfolio Solutions has a 1-year low of $0.70 and a 1-year high of $4.60. The stock has a market cap of $20.65 million, a price-to-earnings ratio of -0.54 and a beta of 0.94. The stock has a 50-day moving average of $1.08 and a 200-day moving average of $1.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp boosted its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,277,138 shares of the business services provider’s stock after purchasing an additional 28,162 shares during the quarter. Altisource Portfolio Solutions comprises 0.2% of Deer Park Road Corp’s holdings, making the stock its 2nd largest holding. Deer Park Road Corp owned 15.86% of Altisource Portfolio Solutions worth $6,031,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Company Profile

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.