Green & Gold Fund Recommendation: Sell Altisource Portfolio Solutions (ASPS)
Current Sector Holdings • Sector: Financial • XLF, BAC, VRSK, AGO, RESI, AAMC, and ASPS • Overweight ~ 9% or $49,500
Company Profile (ASPS) Industry: Mortgage and Real Estate Company Description: • Provides real estate services, portfolio management, and asset recovery in the U.S. • Including loan services, foreclosures, bankruptcy, and debt collection • Technology services: ordering, payment, and infrastructure services
Historical Performance (ASPS)
Purchase Price $31.73
Prev Close:
$137.69
1yr Target Est:
$121.50
52wk Range
$67.97 $149.25
Avg Vol (3m)
119,505
Market Cap
3.12B
Beta
0.56
EPS
4.62
Dividend
N/A
Forward P/E:
16.49
Price/Book
17.65
Shares Outstanding
22.9M
Revenue Breakdown
Return on Assets
•ROA decreased 38% in Q2 of 2013 compared to same period in 2012 •Net Profit Margin compared to industry average: 16.62% vs. 23.50%, respectively
Rational for Sell (ASPS) • QE tapering may have a negative affect on industry • Highly dependent on mortgage services • Sector Diversification: 40% of sector invested in Mortgage & Real Estate • Capitalize gain ~ 344% return on investment
Sector Placement / Recommendation Current Status: • Target Allocation: 8.86% • Current Sector Allocation: 17.87%
Recommend: • Sell 200 shares of ASPS at market price of $135.00 (approximately $27,000, 4.43% of portfolio) • Sector allocation after sell: 12.87%