Filing Worth Mentioning: Learn Why Erbey William C Just Purchased Altisource Asset Management Corp Stake?

Filing Worth Mentioning: Learn Why Erbey William C Just Purchased Altisource Asset Management Corp Stake?

The New Erbey William C Holding in Altisource Asset Management Corp

Erbey William C filed with the SEC SC 13D/A form for Altisource Asset Management Corp. The form can be accessed here: 000089183616000267. As reported in Erbey William C’s form, the filler as of late owns 44.1% or 733,523 shares of the Finance–company.

Altisource Asset Management Corp stake is a new one for the and it was filed because of activity on October 27, 2016. We feel this shows Erbey William C’s positive view for the stock.

Altisource Asset Management Corp Institutional Sentiment

Latest Security and Exchange filings show 42 investors own Altisource Asset Management Corp. The institutional ownership in Q3 2015 is low, at 379.66% of the outstanding shares. This is increased by 4575954 the total institutional shares. 5998595 were the shares owned by these institutional investors. In total 5 funds opened new Altisource Asset Management Corp stakes, 9 increased stakes. There were 15 that closed positions and 18 reduced them.

New York Life Investment Management Llc is an institutional investor bullish on Altisource Asset Management Corp, owning 432 shares as of Q3 2015 for less than 0.01% of its portfolio. Paul Orlin And Alex Porter Amici Capital Llc owns 7047 shares or 0.01% of its portfolio. NY Luxor Capital Group Lp have 0.22% of their stock portfolio for 397665 shares. Further, Kazazian Asset Management Llc reported stake worth 0.32% of its US stock portfolio. The NY Boston Provident Lp owns 24068 shares. Altisource Asset Management Corp is 0.49% of the manager’s US portfolio.

Business Profile

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. Its business strategy is to provide asset management services to Residential to generate cash available for distribution to its shareholders and thereby growing its earnings, and develop additional investment strategies and vehicles. Residential is a public real estate investment trust (REIT) that acquires and manages single-family rental properties by acquiring sub-performing and non-performing mortgage loans throughout the United States. In addition to providing services to Residential, it also provides management services to NewSource Reinsurance Company Ltd., which is an insurance and reinsurance company.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 0.31 in 2016 Q2. Its up 0.04, from 0.27 in 2016Q1. The ratio improved, as 14 funds sold all Altisource Asset Management Corp shares owned while 12 reduced positions. 4 funds bought stakes while 3 increased positions. They now own 643,337 shares or 27.60% less from 888,552 shares in 2016Q1.

California Pub Employees Retirement accumulated 10,300 shares or 0% of the stock. Creative Planning, a Kansas-based fund reported 40 shares. Amici Lc holds 899 shares or 0% of its portfolio. Pnc Financial Group last reported 0% of its portfolio in the stock. New York State Common Retirement Fund holds 300 shares or 0% of its portfolio. Morgan Stanley holds 0% or 40,591 shares in its portfolio. Tower Research Capital Limited Liability Co (Trc) has invested 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC). Deutsche Bank & Trust Ag holds 0% or 9,833 shares in its portfolio. Vanguard has 29,491 shares for 0% of their US portfolio. Blackrock Fund holds 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 1,751 shares. Moreover, Manufacturers Life The has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 164 shares. Putnam Investments Limited holds 0.01% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC) for 271,292 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Altisource Asset Management Corp (NYSEMKT:AAMC). Kazazian Asset Limited Liability Company has 0.22% invested in the company for 9,207 shares. Moreover, Barclays Public Lc has 0% invested in Altisource Asset Management Corp (NYSEMKT:AAMC) for 108 shares.

The stock increased 3.26% or $0.9 on November 22, hitting $28.5. Altisource Asset Management Corp (NYSEMKT:AAMC) has risen 71.17% since April 21, 2016 and is uptrending. It has outperformed by 65.84% the S&P500.

Altisource Asset Management Corporation provides asset management and corporate governance services to institutional investors. The company has a market cap of $44.06 million. The Company’s primary client is Altisource Residential Corporation . It currently has negative earnings. The Firm operates through segment, which is focused on providing asset management and certain corporate governance services to Residential.

More important recent Altisource Asset Management Corp (NYSEMKT:AAMC) news were published by: Nasdaq.com which released: “Altisource Asset Management Corporation Reports Third Quarter 2016 Results” on November 07, 2016, also Marketwatch.com published article titled: “Altisource Asset Management Corp.”, Reuters.com published: “BRIEF-Altisource Asset Management Corporation reports third quarter 2016 r…” on November 07, 2016. More interesting news about Altisource Asset Management Corp (NYSEMKT:AAMC) was released by: Quotes.Wsj.com and their article: “News Altisource Asset Management Corp.AAMC” with publication date: February 28, 2011.

According to Zacks Investment Research, “Altisource Asset Management Corp. is an asset management company. The company provide portfolio management and corporate governance services to Real-Estate Investment Trusts and other real-estate portfolio-driven entities. Altisource Asset Management Corp is based in the U.S. Virgin Islands.”

AAMC Company Profile

Altisource Asset Management Corporation (Altisource), incorporated on March 15, 2012, provides asset management and corporate governance services to institutional investors. The Company’s primary client is Altisource Residential Corporation (Residential). The Firm operates through segment, which is focused on providing asset management and certain corporate governance services to Residential. The Company’s business strategy is to provide asset management services to Residential to generate cash available for distribution to its shareholders and thereby growing its earnings, and develop additional investment strategies and vehicles.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment