Significant Insider purchase of Altisource Portfolio Solutions (ASPS) Shares Extends the Buying Trend of Last Quarter

Thursday, January 11, 2018 10:15 PM ET

Significant Insider purchase of Altisource Portfolio Solutions (ASPS) Shares Extends the Buying Trend of Last Quarter

An insider — Deer Park Road Management Company Lp, 10% Owner — purchased 355,269 shares of Altisource Portfolio Solutions having a market value of approximately $9,919,494 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 84,683 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 439,952 shares and have averaged 146,651 shares per transaction over this time period.

The number of insider buy/sell trades at Altisource Portfolio Solutions is above that of the 20 peer company average over the last 90-day period. The Real Estate Services peer group saw 43 buy/sell trades during this period for an average of 2.2 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 191,683 shares purchased and 6,406,530 shares sold with company insiders having sold 144,531 shares on average over this time period.

The data obtained in composing and writing in this story eliminates 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.

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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