Foundry Partners LLC Purchases 144,430 Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Foundry Partners LLC increased its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 32.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 594,430 shares of the business services provider’s stock after buying an additional 144,430 shares during the period. Foundry Partners LLC’s holdings in Altisource Portfolio Solutions were worth $2,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Cannell Capital LLC bought a new position in Altisource Portfolio Solutions in the 3rd quarter worth $3,257,000. AWM Investment Company Inc. acquired a new stake in Altisource Portfolio Solutions in the 3rd quarter worth $1,120,000. B. Riley Financial Inc. acquired a new stake in Altisource Portfolio Solutions in the 3rd quarter worth $2,787,000. Potomac Capital Management Inc. grew its position in Altisource Portfolio Solutions by 223.9% in the 3rd quarter. Potomac Capital Management Inc. now owns 146,115 shares of the business services provider’s stock worth $583,000 after purchasing an additional 101,000 shares during the last quarter. Finally, Raymond James & Associates grew its position in Altisource Portfolio Solutions by 67.0% in the 3rd quarter. Raymond James & Associates now owns 43,625 shares of the business services provider’s stock worth $174,000 after purchasing an additional 17,500 shares during the last quarter. Institutional investors own 41.36% of the company’s stock.

Altisource Portfolio Solutions Stock Performance

Shares of Altisource Portfolio Solutions stock opened at $1.70 on Tuesday. The firm’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $3.15. Altisource Portfolio Solutions S.A. has a twelve month low of $1.38 and a twelve month high of $6.79. The firm has a market cap of $45.82 million, a P/E ratio of -0.66 and a beta of 1.04.

Altisource Portfolio Solutions (NASDAQ:ASPS) last issued its earnings results on Thursday, March 7th. The business services provider reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.03). The firm had revenue of $32.21 million for the quarter, compared to analyst estimates of $34.36 million. On average, equities analysts forecast that Altisource Portfolio Solutions S.A. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th.

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.