Altisource Portfolio Solutions S.a. (ASPS) Files Form 4 Insider Buying : William B Shepro Buys 1,700 Shares

Altisource Portfolio Solutions S.a. (ASPS): William B Shepro , CEO of Altisource Portfolio Solutions S.a. purchased 1,700 shares on May 2, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $29.27 per share for a total value of $49,762.06 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Kevin James Wilcox (Chief Administration Officer) purchased 1,700 shares at $29.36 per share price.On Mar 30, 2016, William B Shepro (CEO) purchased 2,300 shares at $21.42 per share price.Also, On Mar 23, 2016, Gregory J. Ritts (General Counsel) purchased 500 shares at $24.14 per share price.On Nov 12, 2015, William C Erbey (10% owner) sold 23,269 shares at $28.25 per share price.

Shares of Altisource Portfolio Solutions S.A. (ASPS) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -1.78 points or -5.69% at $29.51 with 14,69,330 shares getting traded. Post opening the session at $28.81, the shares hit an intraday low of $27.58 and an intraday high of $30.44 and the price vacillated in this range throughout the day. The company has a market cap of $545 M and the number of outstanding shares has been calculated to be 1,84,79,374 shares. The 52-week high of Altisource Portfolio Solutions S.A. is $41.23 and the 52-week low is $17.33.

Altisource Portfolio Solutions S.A. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Altisource Portfolio Solutions S.A. is Downgraded by Piper Jaffray to Underweight while Lowering the Price Target of the company shares to $ 16 from a previous price target of $24 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 2, 2016.

Altisource Portfolio Solutions S.A. is a provider of marketplace and transaction solutions for the real estate mortgage and consumer debt industries offering both distribution and content. The Company operates in three segments: Mortgage Services Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are outsourced by loan servicers loan originators investors and other sellers of single family homes. The Financial Services segment provides collection and customer relationship management services to debt originators and servicers and the utility insurance and hotel industries. The Company’s Technology Services consists of REALSuite of software applications Equator LLC (Equator) software applications Mortgage Builder software applications and its information technology (IT) infrastructure management services.

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