Last $553.00 USD
Change Today -11.99 / -2.12%
Volume 12.0K
AAMC On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

altisource asset management (AAMC) Snapshot

Open
$550.05
Previous Close
$564.99
Day High
$564.99
Day Low
$549.39
52 Week High
01/15/14 - $1,209
52 Week Low
08/4/14 - $485.01
Market Cap
1.2B
Average Volume 10 Days
16.6K
EPS TTM
$5.73
Shares Outstanding
2.2M
EX-Date
--
P/E TM
96.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALTISOURCE ASSET MANAGEMENT (AAMC)

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altisource asset management (AAMC) Details

Altisource Asset Management Corporation provides asset management and corporate governance services for institutional investors in the United States. The company offers its services under a residential asset management agreement to Altisource Residential Corporation, which acquires and owns single-family rental assets. It also provides management services to NewSource Reinsurance Company Ltd, a title insurance and reinsurance company. The company was founded in 2012 and is headquartered in Frederiksted, Virgin Islands.

7 Employees
Last Reported Date: 02/20/14
Founded in 2012

altisource asset management (AAMC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $325.0K
Chief Accounting Officer
Total Annual Compensation: $166.5K
General Counsel and Secretary
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2013.

altisource asset management (AAMC) Key Developments

Altisource Asset Management Corporation Announces Management Changes

On October 8, 2014, Salah Saabneh resigned from his position as Executive Vice President, Corporate Development of Altisource Asset Management Corporation, effective as of the same date. On October 8, 2014, the Board of Directors of the Company determined to increase the size of the Board of Directors of the Company to seven members, effective December 11, 2014, and to elect Mr. Saabneh to the Company's Board of Directors, effective December 11, 2014. On October 8, 2014, the Company appointed Robin N. Lowe, age 49, as Chief Financial Officer of the Company. Mr. Lowe will oversee all financial affairs for the Company, including financial reporting, treasury, tax and shareholder relations. Prior to his appointment, Mr. Lowe served as Chief Financial Officer of CitiMortgage Inc. from October 2012 to July 2014. The Company re-designated and appointed Kenneth D. Najour as Chief Accounting Officer of the Company.

Altisource Asset Management Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Altisource Asset Management Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total rental revenues and net gain on mortgage loans of $116,042,000 compared to $8,884,000 for the same period a year ago. Income before income taxes was $80,821,000 compared to $3,728,000 last year. Net income was $81,012,000 compared to $3,728,000 last year. Net income attributable to common stockholders was $13,230,000 or $4.60 per diluted share compared to net loss attributable to common stockholders of $1,499,000 or $0.64 per basic and diluted share last year. Rental revenues were $181,000. For the quarter, on non-GAAP basis, the company reported total rental revenues and net gain on mortgage loans of $15,714,000 compared to $1,156,000 last year. Income before income taxes was $13,337,000. Net income was $13,106,000 compared to net loss of $1,499,000 last year. Net income attributable to common stockholders was $13,106,000 compared to net loss attributable to common stockholders of $1,499,000 last year. For the six months, the company reported total rental revenues and net gain on mortgage loans of $190,562,000 compared to $10,399,000 for the same period a year ago. Income before income taxes was $130,328,000 compared to $1,904,000 last year. Net income was $129,753,000 compared to $1,904,000 last year. Net income attributable to common stockholders was $20,058,000 or $7.00 per diluted share compared to net loss attributable to common stockholders of $2,339,000 or $1.00 per diluted share last year. Rental revenues were $250,000. For the six months, on non-GAAP basis, the company reported total rental revenues and net gain on mortgage loans of $28,405,000 compared to negative $2,057,000 last year. Income before income taxes was $20,824,000. Net income was $20,275,000 compared to net loss of $2,339,000 last year. Net income attributable to common stockholders was $20,275,000 compared to net loss attributable to common stockholders of $2,339,000 last year.

Altisource Asset Management Corporation to Report Q2, 2014 Results on Jul 22, 2014

Altisource Asset Management Corporation announced that they will report Q2, 2014 results on Jul 22, 2014

 

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AAMC

Industry Average

Valuation AAMC Industry Range
Price/Earnings 86.1x
Price/Sales 5.1x
Price/Book NM Not Meaningful
Price/Cash Flow 73.3x
TEV/Sales NM Not Meaningful
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