Altisource Asset Management Corporation is an alternative lending company that provides liquidity and capital to under-served market and portfolio management and corporate governance services to institutional investors in the United States. The company offers its services under an asset management agreement to Altisource Residential Corporation, which acquires and manages single-family rental properties for working class families. It also provides management services to NewSource Reinsurance Company Ltd. Altisource Asset Management Corporation was founded in 2012 and is headquartered in Christiansted, Virgin Islands with the additional in United States and India.
Company profile
Ticker
AAMCF
Exchange
Website
CEO
Mr. William Charles Erbey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TURINCO INC
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
299 S. MAIN STREET
13TH FLOOR
SALT LAKE CITY
UT 84111
299 S. MAIN STREET
13TH FLOOR
SALT LAKE CITY
UT 84111
Office hours
Monday - Friday, 8:00 AM TO 8:00 PM
Phone
(801) 232-7395
Brochures
AAMCF 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)
15-12G
Securities registration termination
16 Sep 24
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Sep 24
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Sep 24
25
Voluntary exchange delisting
6 Sep 24
8-K
Entry into a Material Definitive Agreement
27 Aug 24
8-K
Altisource Asset Management Corporation Announces Intention to Voluntarily Delist and Deregister Its Common Stock
26 Aug 24
8-K
Changes in Registrant's Certifying Accountant
21 Aug 24
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
Altisource Asset Management Corporation Reports Receipt of Communications from Nyse
6 Jun 24
8-K
Other Events
20 May 24
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) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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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) | 8.10 mm | 8.10 mm | 8.10 mm | 8.10 mm | 8.10 mm | 8.10 mm |
Cash burn (monthly) | (no burn) | 535.83 k | 722.33 k | 2.54 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 1.96 mm | 2.64 mm | 9.31 mm | n/a | n/a |
Cash remaining | n/a | 6.14 mm | 5.46 mm | -1.20 mm | n/a | n/a |
Runway (months of cash) | n/a | 11.5 | 7.6 | -0.5 | n/a | n/a |
Institutional ownership, Q1 2024
34.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 18.94 mm |
Total shares | 880.39 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 |
Luxor Capital | 0.00 | $0.00 |
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 |
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