Here’s Who Just Picked Up Altisource Asset Management Corp (NYSEMKT:AAMC) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Altisource Asset Management Corp (NYSEMKT:AAMC) reported that  Putnam Investments Llc has picked up 336,732 of common stock as of 2016-12-14.

The acquisition brings the aggregate amount owned by Putnam Investments Llc to a total of 336,732 representing a 20.5% stake in the company.

For those not familiar with the company, 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.

A glance at Altisource Asset Management Corp (NYSEMKT:AAMC)’s key stats reveals a current market capitalization of $67.13 million based on 1.58 million shares outstanding and a price at last close of $42.65 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-15, Bossidy picked up 1,000 at a purchase price of $13.61. This brings their total holding to 1,714 as of the date of the filing.

On the sell side, the most recent transaction saw Luxor unload 41,944 shares at a sale price of $24.00. This brings their total holding to 89,256

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Altisource Asset Management Corp (NYSEMKT:AAMC) as things move forward to see if its progress aligns with these transactions.

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