StockNews.com initiated coverage on shares of Altisource Asset Management (NYSEAMERICAN:AAMC – Get Rating) in a research note published on Tuesday morning. The firm issued a hold rating on the asset manager’s stock.
Altisource Asset Management Stock Performance
Shares of AAMC stock opened at $16.70 on Tuesday. The stock has a market cap of $29.66 million, a price-to-earnings ratio of -24.93 and a beta of 1.46. The firm has a fifty day moving average of $16.36 and a 200-day moving average of $14.08. Altisource Asset Management has a 52-week low of $8.65 and a 52-week high of $27.44.
Institutional Investors Weigh In On Altisource Asset Management
A number of hedge funds have recently made changes to their positions in the company. Biltmore Family Office LLC bought a new stake in Altisource Asset Management during the 1st quarter worth about $507,000. Accretive Wealth Partners LLC bought a new stake in Altisource Asset Management during the 1st quarter worth about $182,000. Finally, Laurel Wealth Advisors Inc. bought a new stake in Altisource Asset Management during the 1st quarter worth about $430,000. Institutional investors and hedge funds own 15.87% of the company’s stock.
Altisource Asset Management Company Profile
Altisource Asset Management Corporation is an alternative lending company that provides liquidity and capital to under-served market and portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families.
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