Altisource Asset Management Receives Delisting from NYSE

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Altisource Asset Management ($NYSEAM:AAMC) has recently received notification of delisting from the New York Stock Exchange (NYSE). It provides a range of services to financial services companies including mortgage origination, servicing and asset management, real estate and loan servicing technologies, and business process outsourcing. The decision to delist Altisource Asset Management from the NYSE was based on the company’s failure to maintain a sufficient market capitalization and trading volume. Altisource Asset Management has been working to improve its market presence and comply with the NYSE’s listing standards, and continues to pursue its goal of becoming listed on a different exchange.

The company is currently evaluating the merits of NASDAQ or OTC Markets as potential listing locations. Altisource Asset Management will be providing additional updates on its progress in the near future.

Price History

On Monday, ALTISOURCE ASSET MANAGEMENT announced that its stock had been delisted from the New York Stock Exchange (NYSE). The company’s stock opened at $3.3 and closed at $3.4, representing a 2.8% increase from its prior closing price of $3.3. Despite the delisting, the value of the stock had still risen due to investors’ confidence in the company. The delisting was due to a number of factors, including the company’s failure to comply with certain listing standards and the fact that its market capitalization had fallen below a certain threshold.

As a result, the company will now only be traded on the over-the-counter (OTC) market. ALTISOURCE ASSET MANAGEMENT expressed its commitment to continuing to provide high-quality products and services to its investors and to maintain its strong relationships with its clients. The company also stated that it plans to continue to actively monitor and look for opportunities to get re-listed on the NYSE in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for AAMC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for AAMC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for AAMC. More…

Key Ratios Snapshot

Some of the financial key ratios for AAMC are shown below. More…

Analysis

As GoodWhale, we have conducted an analysis of ALTISOURCE ASSET MANAGEMENT’s wellbeing. Our Star Chart shows that ALTISOURCE ASSET MANAGEMENT has a strong performance in asset, medium performance in dividend, growth, and profitability. Based on this analysis, we conclude that ALTISOURCE ASSET MANAGEMENT is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given ALTISOURCE ASSET MANAGEMENT’s performance, we believe that long-term value investors may be interested in the company. However, ALTISOURCE ASSET MANAGEMENT has a low health score of 2/10 with regard to its cashflows and debt, which make it less likely to pay off debt and fund future operations. As such, investors should be aware of these risks when investing in ALTISOURCE ASSET MANAGEMENT. More…

Peers

As a leader in its field, Altisource Asset Management Corp competes with other companies such as Ninety One PLC, Premier Miton Group PLC, and SEI Investments Co, providing innovative investment solutions to their clients.

– Ninety One PLC ($LSE:N91)

Ninety One PLC is a global asset manager, founded in South Africa in 1991. It provides a range of investment solutions to its clients, including actively managed funds, multi-management and exchange traded funds. As of 2023, the company has a market cap of 1.66 billion and a Return on Equity of 45.85%. Ninety One PLC’s market cap indicates the confidence of investors in the company and its ability to generate returns. Its high Return on Equity suggests that the company is generating returns from resources efficiently and is utilizing its resources effectively.

– Premier Miton Group PLC ($LSE:PMI)

Premier Miton Group PLC is an investment management company based in London, England. The company provides a wide range of asset management services to institutional and private clients across the UK and internationally. As of 2023, the company has a market cap of 149.23M, making it one of the most respected asset management companies in the sector. In terms of its Return on Equity, it stands at 7.35%, making it a sound investment for investors. The company has demonstrated strong financial performance in recent years and is well-positioned to capitalise on the opportunities presented by the current market climate.

– SEI Investments Co ($NASDAQ:SEIC)

SEI Investments Co is a global financial services firm that provides investment processing, investment management, and investment operations solutions. With a market cap of 7.98B as of 2023, the company has a strong presence in the financial services industry. Its Return on Equity (ROE) is 19.63%, indicating that the company is efficiently utilizing its shareholders’ equity to generate profits. SEI Investments offers a variety of financial products, such as private banking, wealth management, and investment management services, which help its clients achieve their financial goals.

Summary

Altisource Asset Management, a publicly listed company on the NYSE, has recently announced that it is being delisted. This news has impacted the stock and investors are now reevaluating their positions in the company. In its most recent analysis, Altisource Asset Management has been deemed to be a risky investment due to its heavy reliance on its real estate investments. The company’s assets are largely untested and its volatile stock performance highlights the potential for losses in the short to mid-term.

With the delisting, investors should be cautious and evaluate their portfolios for any potential risks associated with Altisource Asset Management. Due diligence is essential when making any decisions about investing in the company and all risks should be fully assessed before committing capital.