Altisource Portfolio Solutions S.A. (ASPS): Hedge Funds Aren’t Crazy About It, Insider Sentiment Unchanged

Page 1 of 2

What has a smart Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) investor to do?

If you were to ask many investors, hedge funds are assumed to be overrated, outdated financial vehicles of an era lost to time. Although there are In excess of 8,000 hedge funds with their doors open in present day, Insider Monkey focuses on the aristocrats of this group, about 525 funds. Analysts calculate that this group oversees the majority of all hedge funds’ total assets, and by paying attention to their highest quality stock picks, we’ve revealed a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 33 percentage points in 11 months (find the details here).

Just as necessary, positive insider trading activity is another way to analyze the world of equities. There are plenty of reasons for an insider to drop shares of his or her company, but just one, very obvious reason why they would buy. Several empirical studies have demonstrated the impressive potential of this tactic if you understand what to do (learn more here).

Keeping this in mind, we’re going to examine the newest info about Altisource Portfolio Solutions S.A. (NASDAQ:ASPS).

Hedge fund activity in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)

Heading into Q3, a total of 13 of the hedge funds we track were bullish in this stock, a change of -19% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes meaningfully.

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)Out of the hedge funds we follow, Luxor Capital Group, managed by Christian Leone, holds the biggest position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). Luxor Capital Group has a $181.9 million position in the stock, comprising 4.9% of its 13F portfolio. On Luxor Capital Group’s heels is Omega Advisors, managed by Leon Cooperman, which held a $117.5 million position; 1.8% of its 13F portfolio is allocated to the company. Some other peers that hold long positions include Jim Simons’s Renaissance Technologies, Matthew Iorio’s White Elm Capital and Robert Pohly’s Samlyn Capital.

Judging by the fact that Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has witnessed a fall in interest from upper-tier hedge fund managers, it’s easy to see that there exists a select few money managers that slashed their positions entirely in Q1. It’s worth mentioning that Israel Englander’s Millennium Management said goodbye to the largest investment of the “upper crust” of funds we monitor, valued at close to $13 million in stock. Peter Rathjens Bruce Clarke and John Campbell’s fund, Arrowstreet Capital, also dropped its stock, about $3.1 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 3 funds in Q1.

What have insiders been doing with Altisource Portfolio Solutions S.A. (NASDAQ:ASPS)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last six-month time period, Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Altisource Portfolio Solutions S.A. (NASDAQ:ASPS). These stocks are Nationstar Mortgage Holdings Inc (NYSE:NSM), Invesco Mortgage Capital Inc (NYSE:IVR), KKR Financial Holdings LLC (NYSE:KFN), Home Loan Servicing Solutions Ltd (NASDAQ:HLSS), and Walter Investment Management Corp (NYSE:WAC). This group of stocks are in the mortgage investment industry and their market caps resemble ASPS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!