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If you were to ask many investors, hedge funds are assumed to be overrated, outdated financial vehicles of an era lost to time.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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!