Altisource Portfolio Solutions Chief Financial Officer Acquires 78% More Stock

Potential Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) shareholders may wish to note that the Chief Financial Officer, Michelle Esterman, recently bought US$101k worth of stock, paying US$0.48 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 78%, potentially signalling some real optimism.

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The Last 12 Months Of Insider Transactions At Altisource Portfolio Solutions

Notably, that recent purchase by Michelle Esterman is the biggest insider purchase of Altisource Portfolio Solutions shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of US$0.82. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Altisource Portfolio Solutions insiders may have bought shares in the last year, but they didn't sell any. Their average price was about US$0.32. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Altisource Portfolio Solutions

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Does Altisource Portfolio Solutions Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Altisource Portfolio Solutions insiders have about 2.6% of the stock, worth approximately US$1.6m. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Altisource Portfolio Solutions Tell Us?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Altisource Portfolio Solutions stock. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Altisource Portfolio Solutions is showing 5 warning signs in our investment analysis , and 4 of those are a bit unpleasant...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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