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Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), currently trading at $0.98 with a market capitalization of ~$85 million, recently reported a series of transactions by Deer Park Road Management Company, LP and related entities, revealing stock sales totaling approximately $2,915. According to InvestingPro data, the stock has shown significant volatility, gaining nearly 50% year-to-date despite operating with substantial debt concerns.
On February 19, 2025, Deer Park Road entities executed sales of common stock at $0.7645 per share. The transactions included the sale of 2,629 shares by STS Master Fund, Ltd. and 1,186 shares by Deer Park 1850 Fund, LP, resulting in proceeds of $2,009 and $906, respectively. For deeper insights into ASPS’s financial health metrics and comprehensive analysis, investors can access the full research report on InvestingPro.
Additionally, Deer Park Road entities engaged in multiple acquisitions of common stock through the exercise of warrants at a nominal price of $0.01 per share, although these transactions did not contribute to the reported sales proceeds.
These transactions reflect ongoing adjustments in the holdings of Deer Park Road Management and its affiliates in Altisource.
In other recent news, Altisource Portfolio Solutions S.A. reported its fourth-quarter 2024 financial results, showing a mixed performance. The company exceeded earnings per share (EPS) expectations with a reported EPS of -$0.18, compared to the forecasted -$0.24. However, it fell short on revenue, posting $38.4 million against a projected $43.85 million. Additionally, Altisource has expanded its online marketplace, Hubzu, into the commercial real estate sector, aiming to streamline buying and selling processes for commercial properties. In another development, Altisource successfully regained compliance with Nasdaq’s minimum market value requirement, ensuring its continued listing on the Nasdaq Global Select Market. The company achieved its highest quarterly service revenue since Q3 2021 and reported a significant reduction in debt, from $233 million to $172.5 million. Analyst firms noted the company’s debt restructuring and new product launches in its construction and LendersOne businesses, which reached $1 million in monthly revenue. Altisource projects 2025 service revenue to be between $165 million and $185 million, with adjusted EBITDA expected to range from $18 million to $23 million.
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