Altisource Portfolio Solutions S.A. (ASPS)

0.12 1.10
Prev Close 10.68
Open 10.44
Day Low/High 10.12 / 10.95
52 Wk Low/High 6.36 / 14.58
Volume 195.40K
Exchange NASDAQ
Shares Outstanding 16.06B
Market Cap 171.17M
P/E Ratio N/A
Div & Yield N.A. (N.A)

Ocwen Penalty Lower Than Expected

As I just wrote in the comments section on Ocwen (OCN): I am waiting for questions to be answered at the company's 5PM conference call before I do anything. At $150 million, the settlement was at the lower end of the $ expectations (I was using $200...

My Largest Purchases Today

The big ones. My largest purchases today were in Altisource Portfolio Solutions (ASPS) and Monitise (MONIF).

Ocwen Moves off Yesterday's Low

I'm adding to Altisource Portfolio Solutions (ASPS). Ocwen Financial (OCN) has had a nice move (+10%) from yesterday's low of under $20/share. Its sister company, ASPS, continues to trail its big brother, so I am adding to ASPS.

Growing More Aggressive on ASPS

I am growing more aggressive on Altisource Portfolio Solutions (ASPS) under $48.

Adding to ASPS and AAMC

I am adding to Altisource Portfolio (ASPS) and Altisource Asset (AAMC) longs.

Adding to Some Favorites

I am adding to my Altisource Asset Management (AAMC),  Altisource Portfolio (ASPS) and Oaktree (OAK) longs now.

Trade Updates

I'm back down to 5% net short. I have added to my energy longs (implemented a trading layer on top of my investment long) on the selloff (when they turned red on the day) -- Chevron (CVX), Devon Energy (DVN) and Exxon Mobil (XOM). I have also initia...

Ocwen and Lawsky

My views on Ocwen, Lawsky and ASPS. N.Y. State Department of Financial Services Head Ben Lawsky continues to look for big elephants to hunt. This past few months and today the target is bitcoin. Hopefully, he will "get bored" of his pursuit of Ocwen...

Adding Small to SPY and QQQ Shorts

I'm now 10% net short. I am adding small to my SPY ($201.650) and QQQ ($101.60) short to move to 10% net short. On the other side of the pew, nice move on (add on buy) Citigroup (C) from this morning and from new position Altisource Portfolio Soluti...

Pressing OCN, C and ASPS Longs

I pressed my Ocwen Financial (OCN), Citigroup (C) and Altisource Portfolio Solutions (ASPS) longs in the late afternoon.

Back in on ASPS

A small long position. I repurchased a small long position in Altisource Portfolio Solutions (ASPS) this morning ($48). I think the hedge fund community, heavily weighted in the Ocwen (OCN) complex, might mark the group up in the days ahead. I am pl...

Best Idea for 2015: Ocwen Financial

The recent decline represents an opportunity to opportunistic investors.

Taking My Licking

I've made too many assumptions in ASPS already. The Cockroach Theory has certainly been relevant to the Ocwen (OCN) complex over the last six months.  Normally, I would aggressively be buying Altisource Portfolio (ASPS) after its big fall today. Aft...

Todays Trades

Here are today's trades. I sold out of my ASPS $60, AAMC $558 and RESI $20.49 longs. I added to my Russell short (IWM at $117.68) and my Apple short ($111). I covered my CALL short at $8.59 as well as the balance of my remaining autos shorts (F at $...

More on Altisource

ASPS is off Best Ideas and I'll sell RESI and AAMC. Though I am not selling my small long position, I am taking Altisource Portfolio (ASPS) off my Best Ideas list because that positioning can't be justified in light of today's news. I am also sellin...

Sour News for Altisource

The firm discontinues its lender-placed insurance business. Citing potential regulatory and litigation headwinds, Altisource (ASPS) just announced that it is discontinuing its lender-placed insurance business -- which it does in connection with its ...

Putnam Stake in ASPS

Putnam reports a passive 12% stake in Altisource Portfolio (ASPS).

Long Time, First Time

Putting my money where my mouth is. In keeping with my optimism surrounding Altisource Portfolio (ASPS) and Ocwen (OCN), I have taken small positions in Altisource Residential (RESI) at approximately $21, and in Altisource Asset Management (AAMC) at...

Ocwen 'Going Plaid'

And into overdrive. Ocwen (OCN) is going plaid and is in overdrive now. Here is the investment case I laid out this week. OCN and Altisource Portfolio Solutions (ASPS) are both on my Best Ideas list.

Ocwen Call

Going well, so far. While i am still on the Ocwen conference call, I would say it is going well, and the price action in ASPS and OCN are beginning to reflect this.

This Morning's Market Setup

Where it began. "People don't want to think. And the deeper they get into trouble, the less they want to think. But by some sort of instinct, they feel that they ought to and it makes them feel guilty. So they'll bless and follow anyone who gives th...

Ocwen Analysis

My detailed look at the future of Ocwen and Altisource. From the late 2000s until late 2013 the success (and share prices) of Ocwen (OCN) and its spin-outs were remarkable. Altisource Portfolio (ASPS) and Altisource Asset Management (AAMC) were alte...

Rules of the Game: Small Company Plays

Rules of the Game: Small Company Plays

They often sport higher earnings growth.

From the Street of Dreams

Piper Jaffray chimes in on Altisource Portfolio Solutions. I recently wrote up Altisource Portfolio Solutions (ASPS) favorably (as a trade). This morning Piper Jaffray chimes in: CONCLUSION: We recently traveled with ASPS CEO Bill Shepro and CFO Mic...

Got too Cute on Altisource

The stock is jumping. I was too cute by half in trying to buy Altisource (ASPS) on weakness after the company got permission from Luxembourg authorities to buy back stock. The stock is up by more than $3 a share today on top of recent gains.

Altisource Gets Buyback OK

I could see a short squeeze. Yesterday Altisource (ASPS) announced that it received (on Aug. 19) a confirmation letter from the Luxembourg tax authorities that will allow the company to repurchase stock (in Luxembourg this is necessary). The buyback...

Ocwen Update

Shares are probably going to be trading range-bound for several more months. Ocwen Financial (OCN) has filed its 10Q this morning. The filing frees the company up to repurchase stocks (which I suspect it ...

Heavy Call Action in Ocwen

Investors take a sizable interest and define their risk. As I have previously written, I am aware of medium-sized hedge funds that have concentrated exposure in the Ocwen (OCN) complex: Home Loan Servicing Solutions (HLSS), Altisource Portfolio Solu...

Late to the Party?

Where have you been, Oppenheimer? Oppenheimer has downgraded Ocwen (OCN) to Perform. Oppenheimer downgrades OCN to Perform from Outperform. NY Department of Financial Services Superintendent Benjamin Lawsky publicly released a new letter he sent to ...

From the Street of Dreams

Some support for my thesis. This following from Autonomous Research supports my view that Altisource Portfolio Solutions (ASPS) is far more exposed than Ocwen (OCN) on the Lawsky findings: The NYDFS released a letter (click here) updating its invest...