Insider Makes Significant Stock buy in Altisource Portfolio Solutions (ASPS) Shares Extends the Trend of Last 90 Days

Tuesday, October 31, 2017 10:15 PM ET

Insider Makes Significant Stock buy in Altisource Portfolio Solutions (ASPS) Shares Extends the Trend of Last 90 Days

There was noteworthy buying activity in Altisource Portfolio Solutions shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Deer Park Road Management Company Lp, 10% Owner — acquired 40,741 shares in the company having a market value of approximately $1,001,606. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 25,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 65,741 shares and have averaged 32,871 shares per transaction over this time period.

The number of insider buy/sell trades at Altisource Portfolio Solutions is higher than that of the 20 peer company average over the last 90-day period. The Real Estate Services peer group saw 24 buy/sell trades during this period for an average of 1.2 transactions per company. However, the number of shares traded per transaction by Altisource Portfolio Solutions insiders is lower than its peers. Within the peer group there were 25,000 shares purchased and 5,999,791 shares sold with company insiders having sold 248,950 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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