Gold prices steady ahead of Fed decision; weekly weakness noted
William B. Shepro, Chairman and CEO of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), acquired 210,498 shares of the company’s common stock on March 28, valued at approximately $101,039. This private purchase was executed at a price of $0.48 per share, as part of a Purchase and Sale Agreement dated March 26, 2025. The transaction comes as the company, currently valued at $58 million, has seen its stock decline 64% over the past year. According to InvestingPro analysis, management has been actively buying back shares despite operating with significant debt obligations.
Following this transaction, Shepro transferred the same number of shares to the William B. Shepro Revocable Trust. This transfer was categorized as a gift, and no monetary exchange was involved. Post-transaction, Shepro holds 100,000 shares directly, while the trust owns 1,239,474 shares indirectly. InvestingPro subscribers can access 15 additional key insights about ASPS, including detailed analysis of its financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Altisource Portfolio Solutions S.A. reported its fourth-quarter 2024 financial results, revealing an earnings per share (EPS) of -$0.18, which exceeded analyst expectations of -$0.24. Despite this, the company’s revenue fell short, reaching $38.4 million compared to the forecasted $43.85 million. Altisource also announced a significant debt restructuring, reducing its debt from $233 million to $172.5 million, which is expected to lower interest expenses substantially. In another development, Altisource’s online real estate marketplace, Hubzu, expanded into the commercial real estate sector with a new auction platform, aiming to streamline transactions for commercial properties. Additionally, Altisource has regained compliance with Nasdaq’s minimum market value requirement for continued listing on the Nasdaq Global Select Market. This compliance was confirmed after the company’s market value of publicly held shares reached the necessary threshold. Furthermore, the company launched new products in its construction and LendersOne businesses, achieving $1 million in monthly revenue from these initiatives. These recent developments reflect Altisource’s efforts to diversify its revenue streams and strengthen its financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.