New insider activity at Altisource Portfolio Solutions SA ( (ASPS) ) has taken place on April 2, 2025.
CFO Michelle Esterman and Chairman & CEO William Shepro have both made significant purchases of Altisource Portfolio Solutions SA stock, each acquiring 210,498 shares. The total value of each purchase amounts to $101,039, indicating a strong vote of confidence in the company’s future prospects by its top executives.
Recent Updates on ASPS stock
Altisource Portfolio Solutions S.A. reported strong financial performance for the fourth quarter and full year 2024, with a 10% increase in service revenue to $150.4 million and a significant improvement in adjusted EBITDA by $18.3 million compared to 2023. The company successfully executed a strategic exchange transaction with its lenders, reducing interest expenses and strengthening its balance sheet by cutting its debt by over $60 million. Despite challenges in the default and origination markets due to lower foreclosure activity and mortgage origination volumes, Altisource’s Servicer and Real Estate segment grew by 11%, and the Origination segment expanded by 6%. Looking forward, the company is optimistic about 2025, projecting a 16% growth in service revenue and an 18% increase in adjusted EBITDA, driven by improved margins and a more efficient corporate cost structure.
More about Altisource Portfolio Solutions SA
YTD Price Performance: 0.15%
Average Trading Volume: 146,482
Technical Sentiment Signal: Buy
Current Market Cap: $59.6M