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

StockNews.com started coverage on shares of Altisource Portfolio Solutions (NASDAQ:ASPS) in a report published on Saturday morning. The firm issued a sell rating on the business services provider’s stock.

Altisource Portfolio Solutions Stock Up 0.8 %

Shares of ASPS opened at $1.22 on Friday. The stock has a market cap of $33.15 million, a price-to-earnings ratio of -0.86 and a beta of 0.95. Altisource Portfolio Solutions has a 12 month low of $0.99 and a 12 month high of $4.60. The company has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.41.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Altisource Portfolio Solutions stock. Deer Park Road Corp grew its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,277,138 shares of the business services provider’s stock after acquiring an additional 28,162 shares during the period. Altisource Portfolio Solutions accounts for 0.2% of Deer Park Road Corp’s portfolio, making the stock its 2nd largest holding. Deer Park Road Corp owned about 15.86% of Altisource Portfolio Solutions worth $6,031,000 at the end of the most recent quarter. 41.36% of the stock is currently owned by institutional investors.

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.