Altisource Portfolio Solutions S.A. - Equity Warrant

Introduction

This page provides a comprehensive analysis of the known insider trading history of W Michael Linn. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate W Michael Linn has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:ASPS / Altisource Portfolio Solutions S.A. Director 19,147
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by W Michael Linn. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2015-05-21 ASPS LINN W MICHAEL 900 28.9600 112 231.6800 26,064 63 39.5400 -21,636 -83.01
2015-05-21 ASPS LINN W MICHAEL 342 28.9800 43 231.8400 9,911
2015-05-21 ASPS LINN W MICHAEL 427 28.6699 53 229.3592 12,242
2015-05-21 ASPS LINN W MICHAEL 402 28.5300 50 228.2400 11,469
2014-08-06 ASPS LINN W MICHAEL 271 86.4600 34 691.6800 23,431
2014-08-06 ASPS LINN W MICHAEL 233 85.5800 29 684.6400 19,940
2014-08-06 ASPS LINN W MICHAEL 58 85.5100 7 684.0800 4,960
2014-08-06 ASPS LINN W MICHAEL 580 86.3900 72 691.1200 50,106
2014-08-06 ASPS LINN W MICHAEL 70 85.2700 9 682.1600 5,969
2014-05-22 ASPS LINN W MICHAEL 975 101.8100 122 814.4800 99,265
2014-05-13 ASPS LINN W MICHAEL 500 106.9800 62 855.8400 53,490
2014-05-13 ASPS LINN W MICHAEL 500 106.3100 62 850.4800 53,155
2013-11-12 ASPS LINN W MICHAEL 315 145.6400 39 1,165.1200 45,877
2013-11-12 ASPS LINN W MICHAEL 224 145.6600 28 1,165.2800 32,628
2013-11-12 ASPS LINN W MICHAEL 176 146.0200 22 1,168.1600 25,700
2012-11-27 ASPS LINN W MICHAEL 1,000 103.8700 125 830.9600 103,870
2012-08-16 ASPS LINN W MICHAEL 1,000 88.2300 125 705.8400 88,230
2012-08-16 ASPS LINN W MICHAEL 400 88.1000 50 704.8000 35,240
2012-08-16 ASPS LINN W MICHAEL 500 87.2700 62 698.1600 43,635
2012-05-18 ASPS LINN W MICHAEL 500 54.1570 62 433.2560 27,078
2012-05-17 ASPS LINN W MICHAEL 960 54.8470 120 438.7760 52,653
2012-05-16 ASPS LINN W MICHAEL 2,040 55.4690 255 443.7520 113,157
2012-05-07 ASPS LINN W MICHAEL 500 56.5300 62 452.2400 28,265
2012-03-14 ASPS LINN W MICHAEL 500 63.4500 62 507.6000 31,725
2012-03-13 ASPS LINN W MICHAEL 2,000 63.4300 250 507.4400 126,860

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant Insider Trades
Insider Sales ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2019-05-08 ASPS LINN W MICHAEL 5,000 25.0000 625 200.0000 125,000 350 6.31 -121,056 -96.84
2016-11-10 ASPS LINN W MICHAEL 4,494 25.6500 562 205.2000 115,271
2016-11-10 ASPS LINN W MICHAEL 315 25.6705 39 205.3640 8,086

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

ASPSW / Altisource Portfolio Solutions S.A. - Equity Warrant Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by W Michael Linn as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2019-05-10 2019-05-08 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		S - Sale -5,000 19,147 -20.71 25.00 -125,000 478,675
2019-04-03 2019-04-01 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		J - Other -568 12 -98.00
2019-04-03 2019-04-01 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -12 0 -100.00
2018-05-17 2018-05-15 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 5,762 24,147 31.34
2017-05-19 2017-05-17 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 4,126 20,118 25.80
2016-11-14 2016-11-10 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		S - Sale -315 0 -100.00 25.67 -8,086
2016-11-14 2016-11-10 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		S - Sale -4,494 0 -100.00 25.65 -115,271
2016-05-19 2016-05-18 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 2,596 17,193 17.78
2015-05-22 2015-05-21 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 402 1,509 36.31 28.53 11,469 43,052
2015-05-22 2015-05-21 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 427 1,107 62.79 28.67 12,242 31,738
2015-05-22 2015-05-21 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 342 542 171.00 28.98 9,911 15,707
2015-05-22 2015-05-21 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 900 14,597 6.57 28.96 26,064 422,729
2015-05-22 2015-05-20 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 584 13,697 4.45
2015-02-17 2014-11-21 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -4,494 0 -100.00
2015-02-17 2014-11-21 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift 4,494 4,494
2015-02-17 2014-11-21 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -3,077 0 -100.00
2015-02-17 2014-11-21 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift 3,077 13,113 30.66
2015-02-17 2014-11-14 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		J - Other -258 200 -56.33
2015-02-17 2014-08-06 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift 233 680 52.13
2015-02-17 2014-08-06 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift 271 447 153.98
2015-02-17 2014-08-06 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -504 10,036 -4.78
2015-02-17 2014-02-19 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift 239 2,577 10.22
2015-02-17 2014-02-19 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -239 9,562 -2.44
2014-08-08 2014-08-06 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 70 2,070 3.50 85.27 5,969 176,509
2014-08-08 2014-08-06 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 580 580 86.39 50,106 50,106
2014-08-08 2014-08-06 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 58 458 14.50 85.51 4,960 39,164
2014-08-08 2014-08-06 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 233 10,779 2.21 85.58 19,940 922,467
2014-08-08 2014-08-06 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 271 10,546 2.64 86.46 23,431 911,807
2014-05-23 2014-05-22 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 975 4,494 27.71 101.81 99,265 457,534
2014-05-23 2014-05-21 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 474 10,275 4.84
2014-05-15 2014-05-13 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 3,519 16.56 106.31 53,155 374,105
2014-05-15 2014-05-13 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 2,838 21.39 106.98 53,490 303,609
2014-02-13 2013-05-21 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -900 2,338 -27.79
2014-02-13 2013-04-26 5 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		G - Gift -312 3,238 -8.79
2013-11-14 2013-11-12 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 176 176 146.02 25,700 25,700
2013-11-14 2013-11-12 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 224 224 145.66 32,628 32,628
2013-11-14 2013-11-12 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 315 315 145.64 45,877 45,877
2013-05-17 2013-05-15 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 839 14,158 6.30
2012-11-29 2012-11-27 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 1,000 1,000 103.87 103,870 103,870
2012-08-17 2012-08-16 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 2,000 33.33 87.27 43,635 174,540
2012-08-17 2012-08-16 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 400 400 88.10 35,240 35,240
2012-08-17 2012-08-16 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 1,000 13,319 8.12 88.23 88,230 1,175,135
2012-07-05 2012-05-16 4/A ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 1,319 12,319 11.99
2012-05-18 2012-05-16 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		A - Award 1,325 12,325 12.05
2012-05-18 2012-05-18 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 1,500 50.00 54.16 27,078 81,236
2012-05-17 2012-05-17 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 960 11,000 9.56 54.85 52,653 603,317
2012-05-17 2012-05-16 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 2,040 10,040 25.50 55.47 113,157 556,909
2012-05-09 2012-05-07 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 1,000 100.00 56.53 28,265 56,530
2012-03-19 2012-03-14 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 500 500 63.45 31,725 31,725
2012-03-19 2012-03-13 4 ASPS Altisource Portfolio Solutions S.A.
Common Stock 		P - Purchase 2,000 8,000 33.33 63.43 126,860 507,440
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)