Altisource Asset Management Corp (NYSEMKT:AAMC) issued its earnings results on Tuesday, August 8th. The asset manager reported ($1.15) earnings per share for the quarter, Morningstar.com reports. The company had revenue of $4.64 million for the quarter.
Shares of Altisource Asset Management Corp (NYSEMKT:AAMC) traded up 9.04% during trading on Friday, reaching $82.60. 2,380 shares of the company were exchanged. The firm’s 50 day moving average price is $88.07 and its 200 day moving average price is $79.26. Altisource Asset Management Corp has a one year low of $12.52 and a one year high of $96.70. The company’s market capitalization is $129.85 million.
Several large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC purchased a new stake in shares of Altisource Asset Management Corp during the second quarter valued at $228,000. Northern Trust Corp raised its stake in shares of Altisource Asset Management Corp by 4.9% in the second quarter. Northern Trust Corp now owns 8,320 shares of the asset manager’s stock valued at $761,000 after buying an additional 388 shares during the period. Vanguard Group Inc. raised its stake in shares of Altisource Asset Management Corp by 4.8% in the second quarter. Vanguard Group Inc. now owns 15,351 shares of the asset manager’s stock valued at $1,402,000 after buying an additional 702 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Altisource Asset Management Corp by 279.9% in the second quarter. Goldman Sachs Group Inc. now owns 16,321 shares of the asset manager’s stock valued at $1,492,000 after buying an additional 12,025 shares during the period.
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About Altisource Asset Management Corp
Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Company operates through segment, which is focused on providing asset management and certain corporate governance services to Residential.
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