altisource asset management (aamc), is a publicly listed asset management company whose primary business is to provide asset management and certain corporate governance services to institutional investors. aamc’s primary client currently is front yard residential corporation (resi) a public real estate investment trust focused on acquiring, and managing quality, affordable single-family rental homes throughout the united states. aamc’s principal offices are located in the united states virgin islands. aamc also has operations in the continental us, cayman islands, luxembourg and india through its subsidiaries, aamc us, aamc cayman sezc ltd., altisource consulting s.a r.l. and river business solutions pvt. ltd., respectively.
Company profile
Ticker
AAMC
Exchange
Website
CEO
George G. Ellison / Indroneel Chatterjee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AAMC US, Inc. • Finsight Business Solutions Private Ltd. • NewSource Reinsurance Company Ltd. • AAMC Real Estate Strategies Offshore Fund 1 (Cayman), LP • Alternative Lending Group LLC • Grapetree Lending LLC • Shoys Lending LLC • Premieria LLC • St. Croix Servicing LLC • Alternative Residential Credit LLC ...
IRS number
660783125
SEC advisor number
801-78684
FINRA CRD number
168897
Employees
16
(6 investment advisory or research)
Address
Altisource Asset Management
5100 TAMARIND REEF
CHRISTIANSTED
VI 00820
5100 TAMARIND REEF
CHRISTIANSTED
VI 00820
Office hours
Monday - Friday, 8:00 AM TO 8:00 PM
Phone
(340) 692-1055
Brochures
AAMC stock data
Ownership
Owner | Title | From | %Ownership |
---|---|---|---|
Byrd, Ricardo, Clarence | Director | 06/2015 | < 5% |
De Jongh, John, Percy | Director | 12/2016 | < 5% |
Engerman, John, a | Director | 06/2019 | < 5% |
Pelos, Constantine, Andrew | Chief Compliance Officer | 01/2021 | < 5% |
McCarthy, Thomas, Kevin | Chief Executive Officer | 04/2021 | < 5% |
Ownership
Fund structure | AUM | Fund type |
---|---|---|
Altisource Asset Management Corporation | ||
Aamc Real Estate Strategies Fund | Real Estate Fund | |
Aamc Real Estate Strategies Offshore Fund I (Cayman) LP | ||
Aamc Real Estate Strategies Onshore Fund I (De) LP |
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Mar 24
UPLOAD
Letter from SEC
7 Feb 24
CORRESP
Correspondence with SEC
24 Jan 24
8-K/A
Entry into a Material Definitive Agreement
16 Jan 24
8-K
Entry into a Material Definitive Agreement
16 Jan 24
8-K
Departure of Directors or Certain Officers
26 Dec 23
UPLOAD
Letter from SEC
20 Dec 23
8-K
Altisource Asset Management Corporation Reports Key Ruling in Blackrock and PIMCO Litigation
6 Dec 23
8-K
Altisource Asset Management Corporation Announces Departure of COO and Interim CEO Danya Sawyer
5 Dec 23
8-K
Altisource Asset Management Corporation Reports Receipt of Communications from NYSE
4 Dec 23
Latest ownership filings
SC 13D/A
Luxor Capital Group, LP
18 Jan 24
144
Notice of proposed sale of securities
7 Jul 23
4
Stephen Ramiro Krallman
5 Jul 23
SC 13G/A
King Theodore Walker Cheng-De
23 Jun 23
4
Theodore Walker Cheng-De King
14 Jun 23
3
Charles L Frischer
13 Jun 23
4
JASON A KOPCAK
15 May 23
SC 13G/A
King Theodore Walker Cheng-De
17 Feb 23
4
Stephen Ramiro Krallman
4 Jan 23
4
JASON A KOPCAK
4 Jan 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.88 mm | 7.88 mm | 7.88 mm | 7.88 mm | 7.88 mm | 7.88 mm |
Cash burn (monthly) | 2.22 mm | 442.67 k | 4.48 mm | 2.01 mm | (no burn) | 1.24 mm |
Cash used (since last report) | 15.09 mm | 3.01 mm | 30.49 mm | 13.68 mm | n/a | 8.44 mm |
Cash remaining | -7.20 mm | 4.87 mm | -22.61 mm | -5.79 mm | n/a | -557.91 k |
Runway (months of cash) | -3.2 | 11.0 | -5.0 | -2.9 | n/a | -0.4 |
Institutional ownership, Q2 2023
37.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 18 |
Opened positions | 6 |
Closed positions | 9 |
Increased positions | 4 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 4.13 bn |
Total shares | 953.61 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Erbey William C | 722.32 k | $11.97 mm |
King Theodore Walker Cheng-De | 86.43 k | $5.28 mm |
Snow Park Capital Partners | 71.64 k | $1.69 mm |
Vanguard | 23.11 k | $1.30 bn |
BAC Bank Of America | 11.88 k | $667.48 mm |
Steward Partners Investment Advisory | 11.37 k | $638.60 mm |
Geode Capital Management | 5.67 k | $318.71 mm |
Two Sigma Investments | 5.25 k | $295.05 mm |
Deuterium Capital Management | 4.15 k | $233.02 mm |
Citadel Advisors | 4.02 k | $226.05 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Jun 23 | King Theodore Walker Cheng-De | Common Stock | Sell | Dispose S | No | No | 76.2636 | 517 | 39.43 k | 175,840 |
12 Jun 23 | King Theodore Walker Cheng-De | Common Stock | Sell | Dispose S | No | No | 82.0789 | 18,253 | 1.50 mm | 176,357 |
12 May 23 | Jason A Kopcak | Common stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 80.48 | 2,930 | 235.81 k | 9,570 |
12 May 23 | Jason A Kopcak | Common stock, par value $0.01 per share | Grant | Acquire A | No | No | 80.48 | 7,500 | 603.60 k | 12,500 |
30 Dec 22 | Jason A Kopcak | Series N Preferred Stock | Grant | Acquire A | No | No | 10 | 1,000 | 10.00 k | 1,000 |
30 Dec 22 | Stephen Ramiro Krallman | Series O Preferred Stock | Grant | Acquire A | No | No | 10 | 1,000 | 10.00 k | 1,000 |