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ASPS Altisource Portfolio Solutions

Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets it serves. Addit

Company profile

Ticker
ASPS
Exchange
NASDAQ
Website
www.altisource.com
CEO
William B. Shepro
Employees
Incorporated
Luxembourg
Location
Luxembourg
Fiscal year end
Dec 31
Sector
Finance and Insurance > Real Estate Credit
Industry (SIC)
Services - Miscellaneous Business Services
Johnson Controls International plc - Registered Shares • Ascent Capital • Monitronics International • Donnelley Financial Solutions • Sea • Performant Financial • Sharing Economy International • NV5 Global • Oriental Culture Holding • View Systems ...
Former names
Altisource Portfolio Solutions S.a.r.l.
SEC CIK
0001462418
Corporate docs

ASPS stock data

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News

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Mid-Afternoon Market Update: Nasdaq Falls Over 100 Points; Erytech Pharma Shares Spike Higher
30 Jul 21
Toward the end of trading Friday, the Dow traded down 0.42% to 34,936.96 while the NASDAQ fell 0.75% to 14,667.14. The S&P also fell, dropping 0.53% to 4,395.57.
Altisource Portfolio Q2 Adj. EPS $(0.69) Misses $(0.49) Estimate, Sales $43.97M Miss $54.15M Estimate
29 Jul 21
Altisource Portfolio (NASDAQ:ASPS) reported quarterly losses of $(0.69) per share which missed the analyst consensus estimate of $(0.49) by 40.82 percent. This is a 9.21 percent increase over losses of $(0.76) per share
Recap: Altisource Portfolio Q2 Earnings
29 Jul 21
Shares of Altisource Portfolio (NASDAQ:ASPS) moved higher by 1.8% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 9.21% year over year to ($0.69), which missed the estimate of ($0.49).
Earnings Scheduled For July 29, 2021
29 Jul 21
60 Biggest Movers From Yesterday
29 Jun 21

Press releases

Pro users get this 30m faster
Altisource Announces Second Quarter 2021 Financial Results
29 Jul 21
LUXEMBOURG, July 29, 2021 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today
Altisource Portfolio Solutions S.A. Schedules Second Quarter 2021 Conference Call
26 Jul 21
LUXEMBOURG, July 26, 2021 (GLOBE NEWSWIRE) -- On Thursday, July 29, 2021, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the second quarter 2021. A press release and
Altisource Signs Revolving Line of Credit Agreement
23 Jun 21
LUXEMBOURG, June 23, 2021 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), an integrated service provider and marketplace for the real estate and mortgage industries, announced that its subsidiary
Altisource Announces First Quarter 2021 Financial Results
10 May 21
Altisource extends the term and expands its strategic service provider relationship with Ocwen
6 May 21

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jul 21
2 Aug 21
31 Dec 21

Financial summary

Financial statements Chart ASPS financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 40.15M 40.15M 40.15M 40.15M 40.15M 40.15M
Cash burn (monthly) 1.81M 2.65M 6.02M 5.49M 1.99M 2.83M
Cash used (since last report) 2.03M 2.97M 6.73M 6.14M 2.22M 3.16M
Cash remaining 38.12M 37.18M 33.42M 34.01M 37.93M 36.99M
Runway (months of cash) 21.0 14.0 5.5 6.2 19.1 13.1

Beta Read what these cash burn values mean

Recent insider trades

ASPS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 May 21 Morettini Joseph L Common Stock Grant Aquire A No No 0 12,786 0 28,554
18 May 21 Mueller-ineichen Roland Common Stock Grant Aquire A No No 0 12,786 0 51,787
18 May 21 Deer Park Road Management Common Stock Grant Aquire A Yes No 0 12,786 0 3,758,926
21 Mar 21 Ritts Gregory J. Common Stock Grant Aquire A No No 0 1,597 0 26,509
21 Mar 21 Ritts Gregory J. Common Stock Payment of exercise Dispose F No No 8.78 742 6.51K 25,767
21 Mar 21 Shepro William B Common Stock Gift Aquire G Yes No 0 4,322 0 510,178
21 Mar 21 Shepro William B Common Stock Gift Dispose G No No 0 4,322 0 0
21 Mar 21 Shepro William B Common Stock Payment of exercise Dispose F No No 8.78 3,860 33.89K 4,322
21 Mar 21 Shepro William B Common Stock Grant Aquire A No No 0 8,182 0 8,182
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

ASPS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

44.4% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 55 56 -1.8%
Opened positions 2 8 -75.0%
Closed positions 3 12 -75.0%
Increased positions 19 20 -5.0%
Reduced positions 26 20 +30.0%
13F shares
 Current Prev Q Change
Total value 83.29M 108.08M -22.9%
Total shares 7.06M 7.35M -4.0%
Total puts 16.2K 20K -19.0%
Total calls 300 0 NEW
Total put/call ratio 54.0 Infinity NaN%
Largest owners
 Shares Value Change
Deer Park Road 3.75M $34.43M +0.2%
Renaissance Technologies 734.22K $6.75M -1.2%
Vanguard 659.25K $6.06M +1.9%
BLK Blackrock 444.86K $4.09M +1.7%
GS Goldman Sachs 176.25K $1.62M -1.1%
MS Morgan Stanley 157.59K $1.45M -20.5%
Dimensional Fund Advisors 148.13K $1.36M -39.5%
Geode Capital Management 143.81K $1.32M -1.5%
STT State Street 99.67K $916K -9.2%
FNY Investment Advisers 86.29K $793K 0.0%
Largest transactions
 Shares Bought/sold Change
Dimensional Fund Advisors 148.13K -96.53K -39.5%
Bridgeway Capital Management 15K -57.86K -79.4%
MS Morgan Stanley 157.59K -40.69K -20.5%
Jacobs Levy Equity Management 72.8K -31.25K -30.0%
Gsa Capital Partners 40.04K +27.8K +227.2%
IndexIQ Advisors 0 -27.31K EXIT
Citadel Advisors 0 -27.2K EXIT
Laurel Wealth Advisors 56.59K +18.32K +47.9%
Campbell & CO Investment Adviser 0 -17.93K EXIT
O'shaughnessy Asset Management 2.12K -13.93K -86.8%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Risks
  • Risks Related to the COVID-19 Pandemic
  • Risks Related to Our Business and Operations
  • Risks Related to our Growth Strategy
  • Risks Related to our Industry
  • Risks Related to Financing, Our Indebtedness and Capital Structure
  • Risks Relating to Luxembourg Organization and Ownership of Our Shares
  • Risks Relating to Regulation
Management Discussion
  • We recognized service revenue of $92.0 million for the six months ended June 30, 2021, a 55% decrease compared to the six months ended June 30, 2020 ($44.0 million for the second quarter of 2021, a 52% decrease compared to the second quarter of 2020), primarily from COVID-19 pandemic related foreclosure and eviction moratoriums and borrower forbearance plans, and an MSR investor’s 2020 instructions to Ocwen to transition field services, title and valuation referrals historically provided to Altisource to the MSR investor’s captive vendors. The decreases for the three and six months ended June 30, 2021 were partially offset by an increase in revenue from our origination business of 16% and 39%, respectively, from higher origination related volumes driven by a lower interest rate environment, customer wins and new offerings.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: ABSPL, Asia, automatically, CFPB, clarity, constrained, Conversion, Deer, difficult, divestiture, engine, exhaust, exploration, FHA, function, incorporated, joint, launch, leave, lender, main, Master, member, membership, mission, Notably, Park, partner, possession, prepay, readily, recoup, recovery, refinancing, resolution, Road, STS, type, unable, uncertain, venture, voluntarily, wholly
Removed: declining, meaningful, participate
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
29 Jul 21
10-Q
2021 Q1
Quarterly report
10 May 21
10-K
2020 FY
Annual report
11 Mar 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
5 Mar 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19

Current reports

View all
8-K
Altisource Announces Second Quarter 2021 Financial Results
29 Jul 21
8-K
Entry into a Material Definitive Agreement
23 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
18 May 21
8-K
Altisource Announces First Quarter 2021 Financial Results
10 May 21
8-K
Departure of Directors or Certain Officers
7 May 21
8-K
Altisource extends the term and expands its strategic service
6 May 21
8-K
Departure of Directors or Certain Officers
11 Mar 21
8-K
Altisource Announces Fourth Quarter and Full Year 2020 Financial Results
11 Mar 21
8-K
Departure of Directors or Certain Officers
26 Feb 21
8-K
Altisource Announces Third Quarter 2020 Financial Results
29 Oct 20

Registration and prospectus

D
$23.9M in equity, sold $23.9M, 6 investors
23 Feb 10
S-8
Registration of securities for employees
6 Aug 09
10-12B/A
Registration of securities (amended)
23 Jul 09
10-12B/A
Registration of securities (amended)
20 Jul 09
10-12B/A
Registration of securities (amended)
12 Jul 09
10-12B/A
Registration of securities (amended)
29 Jun 09
10-12B
Registration of securities
12 May 09

Proxies

View all
DEF 14A
Definitive proxy
5 Apr 21
PRE 14A
Preliminary proxy
26 Mar 21
PX14A6G
Letter to shareholders
19 Jun 20
PX14A6G
Letter to shareholders
10 Jun 20
DEFA14A
Additional proxy soliciting materials
11 May 20
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
PRE 14A
Preliminary proxy
26 Mar 20
DEFA14A
Additional proxy soliciting materials
8 Apr 19
DEF 14A
Definitive proxy
8 Apr 19

Other

View all
CT ORDER
Confidential treatment order
20 Sep 18
CT ORDER
Confidential treatment order
25 Mar 18
UPLOAD
Letter from SEC
27 Dec 17
CORRESP
Correspondence with SEC
14 Dec 17
UPLOAD
Letter from SEC
10 Dec 17
CT ORDER
Confidential treatment order
19 Nov 17
UPLOAD
Letter from SEC
11 Jan 12
CORRESP
Correspondence with SEC
5 Jan 12
UPLOAD
Letter from SEC
20 Dec 11
CORRESP
Correspondence with SEC
19 Jul 09

Ownership

View all
SC 13D/A
Altisource Portfolio Solutions / ERBEY WILLIAM C ownership change
21 May 21
4
Altisource Portfolio Solutions / Michael Craig-Scheckman ownership change
20 May 21
4
Altisource Portfolio Solutions / ROLAND MUELLER-INEICHEN ownership change
20 May 21
4
Altisource Portfolio Solutions / JOSEPH L MORETTINI ownership change
20 May 21
4
Altisource Portfolio Solutions / Michelle D. Esterman ownership change
23 Mar 21
4
Altisource Portfolio Solutions / MARCELLO MASTIONI ownership change
23 Mar 21
4
Altisource Portfolio Solutions / William B Shepro ownership change
23 Mar 21
4
Altisource Portfolio Solutions / GREGORY J. RITTS ownership change
23 Mar 21
4
Altisource Portfolio Solutions / Michelle D. Esterman ownership change
11 Mar 21
4
Altisource Portfolio Solutions / GREGORY J. RITTS ownership change
11 Mar 21

Transcripts

View all
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
10 May 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q3
Earnings call transcript
26 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
27 Apr 19
2018 Q4
Earnings call transcript
27 Feb 19

Reddit threads

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