Who Owns Altisource Portfolio Solutions Company?

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Who Owns Altisource Portfolio Solutions?

Understanding a company's ownership is key to grasping its strategic direction. Altisource Portfolio Solutions S.A. became an independent entity in August 2009, following its spin-off from Ocwen Financial Corporation.

Who Owns Altisource Portfolio Solutions Company?

This separation allowed Altisource to forge its own path in the real estate and mortgage services sector. The company, established in 1999 and based in Luxembourg, aims to be a leading global partner in these markets.

As of August 2025, Altisource Portfolio Solutions S.A. has a market capitalization of around $120 million. This makes it a micro-cap company. The ownership structure includes institutional investors, public shareholders, and insiders, all influencing its governance and future. For a deeper look into its market environment, consider an Altisource Portfolio Solutions PESTEL Analysis.

Who Founded Altisource Portfolio Solutions?

Altisource Portfolio Solutions S.A. was established on August 10, 2009, not through traditional founding but as a spin-off from Ocwen Financial Corporation. Its initial ownership was distributed directly to Ocwen's existing shareholders, bypassing the need for external investment. This move established a distinct corporate entity while maintaining continuity in its leadership team.

Founding Event Spin-off from Ocwen Financial Corporation
Establishment Date August 10, 2009
Initial Capitalization Share distribution to Ocwen shareholders
Early Operational Support Service agreements with Ocwen Financial Corporation
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Strategic Spin-off

Altisource emerged as an independent entity through a strategic separation from its parent company. This established a new corporate structure with its own operational focus.

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Shareholder Distribution

Instead of venture capital, Altisource's initial ownership was determined by distributing shares to the existing shareholders of Ocwen. This created an immediate shareholder base.

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Management Transition

Key executives from Ocwen transitioned into leadership roles within Altisource. This ensured a degree of continuity in management expertise during the company's formative period.

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Initial Revenue Streams

Critical early revenue for Altisource was generated through service agreements with its former parent, Ocwen. These agreements provided a foundational income source.

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William B. Erbey's Role

William B. Erbey was a central figure, acting as founder, majority shareholder, and Chairman for both Altisource and Ocwen. His significant influence shaped the early dynamics.

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Regulatory Scrutiny

The close ties and related-party transactions between Altisource and Ocwen attracted regulatory attention. This eventually led to Erbey's resignation from both companies.

The early ownership structure of Altisource Portfolio Solutions was intrinsically linked to its origin as a spin-off from Ocwen Financial Corporation. This strategic move on August 10, 2009, meant that Altisource's initial shareholders were the existing shareholders of Ocwen, rather than external investors. This method of capitalization established a unique foundation for the company's Altisource ownership. William B. Erbey held a pivotal position during this period, serving as the founder, majority shareholder, and Chairman of both entities. His substantial control and the intertwined nature of the companies, particularly the service agreements that formed a crucial early revenue stream for Altisource, led to scrutiny regarding related-party transactions. This situation ultimately resulted in regulatory pressures and Erbey's departure from both companies, significantly impacting the Target Market of Altisource Portfolio Solutions and its early corporate governance.

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Key Aspects of Early Altisource Ownership

The initial phase of Altisource's existence was defined by its relationship with Ocwen and the significant influence of its key figures.

  • Established as a spin-off from Ocwen Financial Corporation on August 10, 2009.
  • Initial ownership was distributed to Ocwen's existing shareholders.
  • William B. Erbey was a dominant figure as founder, majority shareholder, and Chairman of both companies.
  • Early operations relied heavily on service agreements with Ocwen.
  • The company's structure and transactions faced regulatory scrutiny.

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How Has Altisource Portfolio Solutions’s Ownership Changed Over Time?

Altisource Portfolio Solutions S.A. became a publicly traded entity on August 5, 2009, with its shares listed on the Nasdaq Global Select Market under the ticker ASPS. Since its inception as a public company, the ownership landscape has undergone considerable transformation, predominantly influenced by a growing presence of institutional investors.

Shareholder Type Percentage of Ownership (Approx.) Key Entities
Institutional Investors 63.82% UBS Asset Management AG, Franklin Resources, Inc., Deer Park Road Corporation, Vanguard Group Inc, BlackRock, Inc., Geode Capital Management, Llc, Renaissance Technologies Llc, Jefferies Financial Group Inc.
Hedge Funds 19% Various hedge funds
General Public 19% Individual investors
Insiders 2.91% Executives and Directors, including CEO William B. Shepro (1.4% as of June 21, 2025)

The ownership structure of Altisource Portfolio Solutions S.A. reflects a significant concentration of power within institutional entities. As of July 24, 2025, these investors collectively manage approximately 63.82% of the company's outstanding shares, underscoring their substantial influence on corporate governance and strategic direction. Among these major holders, UBS Asset Management AG leads with a 22% stake as of June 21, 2025, followed by Franklin Resources, Inc. holding 16%, and Deer Park Road Corporation with 14%. The presence of other notable institutional investors such as Vanguard Group Inc, BlackRock, Inc., Geode Capital Management, Llc, Renaissance Technologies Llc, and Jefferies Financial Group Inc., as indicated by their 13D/G or 13F filings, further solidifies this institutional dominance. Hedge funds, specifically, command a notable 19% of Altisource's shares, signaling active investment interest. The general public, comprising individual investors, also holds a 19% stake. Insider ownership, representing holdings by company executives and directors, stands at approximately 2.91% as of July 24, 2025. Notably, CEO William B. Shepro directly owns 1.4% of the total shares outstanding as of June 21, 2025. These diverse ownership dynamics are pivotal in shaping the company's operational strategies and its ability to navigate market pressures, impacting its overall Revenue Streams & Business Model of Altisource Portfolio Solutions.

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Key Stakeholders in Altisource Portfolio Solutions

Understanding who owns Altisource Portfolio Solutions is crucial for assessing its strategic direction and market positioning.

  • Institutional investors are the primary owners, holding over 63% of the company's shares.
  • UBS Asset Management AG is the largest single institutional shareholder.
  • Hedge funds and the general public each hold significant stakes, indicating diverse investment interest.
  • Company insiders, including the CEO, also maintain ownership, aligning their interests with the company's performance.

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Who Sits on Altisource Portfolio Solutions’s Board?

The current Board of Directors for Altisource Portfolio Solutions S.A. is responsible for guiding the company's strategic path and ensuring accountability to its shareholders. As of March 31, 2025, the board includes John G. Aldridge, Jr., Mary C. Hickok, Wesley G. Iseley, Joseph L. Morettini, Roland Müller-Ineichen, William B. Shepro, and Matthew Winkler.

Director Name Role Independence Status
William B. Shepro Chairman of the Board and Chief Executive Officer Not Independent
John G. Aldridge, Jr. Director Independent
Mary C. Hickok Director Independent
Wesley G. Iseley Director Independent
Joseph L. Morettini Director Independent
Roland Müller-Ineichen Director Independent
Matthew Winkler Director Independent

Altisource operates with a one-share-one-vote structure, meaning each share of common stock grants its holder a single vote on all matters brought before shareholders. This framework highlights the significant influence of institutional investors, who held 63.82% of the company's shares as of July 24, 2025. Their substantial holdings provide them with the power to elect the entire board if they collectively decide to do so. In instances of major corporate actions, such as planned warrant distributions and debt restructuring, Altisource has previously secured voting and support agreements from shareholders representing approximately 53% of the outstanding common stock, underscoring the necessity of consensus among major shareholders for pivotal strategic decisions. While there have been no recent prominent reports of proxy battles or activist investor campaigns, the high concentration of institutional ownership naturally positions these large shareholders to exert considerable influence over the company's decision-making processes, a dynamic that has been a consistent theme throughout the Brief History of Altisource Portfolio Solutions.

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Understanding Altisource Ownership Dynamics

The voting power at Altisource Portfolio Solutions is heavily concentrated among institutional investors. This concentration means that major shareholder agreements are crucial for significant corporate actions.

  • Institutional investors hold a majority of Altisource shares.
  • A one-share-one-vote system dictates voting power.
  • Shareholder support is vital for strategic decisions.
  • The board composition reflects oversight of company direction.

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What Recent Changes Have Shaped Altisource Portfolio Solutions’s Ownership Landscape?

Over the past three to five years, Altisource Portfolio Solutions S.A. has undergone significant structural and ownership shifts. These changes reflect the company's efforts to comply with regulatory requirements and adapt to market conditions, impacting its shareholder base and operational framework.

Development Date Impact
1-for-8 Reverse Stock Split May 28, 2025 Reduced outstanding shares to approximately 11.1 million to meet Nasdaq minimum bid price.
Distribution of Stakeholder Warrants April 3, 2025 (trading commenced May 7, 2025) Part of debt restructuring, allowing warrant holders to purchase common stock.
Insider Stock Purchases April 2025 onwards Increased confidence from key management figures in the company's prospects.
Institutional Investor Activity Q1 2025 Notable share additions by First Eagle Investment Management, LLC and Jefferies Financial Group Inc.

Recent insider trading activity indicates a positive sentiment among Altisource's leadership. Chief Financial Officer Michelle Esterman notably increased her stock holding by 78% in April 2025, acquiring stock worth $101,000. CEO William B. Shepro also made significant purchases, acquiring 210,498 shares for approximately $101,039 in the six months leading up to May 13, 2025. This insider buying suggests a belief in the company's future performance. From an institutional standpoint, Q1 2025 saw substantial share acquisitions by entities such as First Eagle Investment Management, LLC, which added 7,518,088 shares, and Jefferies Financial Group Inc., which increased its stake by 627,078 shares. These movements by major financial institutions highlight active management of their positions in Altisource, reflecting ongoing interest in the company's trajectory. The company is actively navigating challenges like the lingering effects of COVID-19 related foreclosure moratoriums and the impact of high interest rates, while simultaneously focusing on enhancing operational efficiency, reducing costs, and securing new business opportunities. Altisource anticipates future revenue growth driven by its new residential renovation services and an expected improvement in the default market conditions.

Icon Insider Confidence Boosts Altisource Ownership Outlook

Key executives, including the CFO and CEO, have recently increased their personal stock holdings. This insider buying activity signals strong confidence in the company's future direction and value proposition.

Icon Institutional Investors Adjust Altisource Stakes

Major financial institutions have actively adjusted their positions in Altisource during Q1 2025. Significant share additions by firms like First Eagle Investment Management and Jefferies Financial Group indicate sustained institutional interest.

Icon Strategic Restructuring and Ownership Trends

A recent 1-for-8 reverse stock split, effective May 28, 2025, aimed to meet Nasdaq's minimum bid price requirement. This move reduced the total number of outstanding shares, impacting the per-share ownership structure.

Icon Navigating Market Challenges and Future Growth

Altisource is strategically positioning itself to overcome industry headwinds, focusing on operational efficiency and new service offerings. The company anticipates growth from its residential renovation services and an improved default market, as detailed in its Mission, Vision & Core Values of Altisource Portfolio Solutions.

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