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Altisource Asset Management Corp - AAMC STOCK NEWS

Welcome to our dedicated news page for Altisource Asset Management (Ticker: AAMC), a resource for investors and traders seeking the latest updates and insights on Altisource Asset Management.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Altisource Asset Management's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Altisource Asset Management's position in the market.

News
Altisource Asset Management Corporation Repurchases Preferred Shares in Global Settlement With Luxor Capital
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) settles litigation with Luxor Capital Group and former director Nathanel Redleaf, resulting in the surrender of 144,212 Preferred Shares by Luxor. A $1,000,000 cash payment and issuance of Promissory Notes totaling $11,000,000 over three different durations were provided to Luxor. Additionally, AAMC will pay 50% of any proceeds from a pending litigation to Luxor, up to a cap of $50,000,000. The settlement increases the Company’s Stockholders’ Equity to over $6,000,000, leading to the rescinding of the New York Stock Exchange’s notice of intent to delist AAMC’s common stock. Chairman and CEO William Erbey expressed satisfaction with the resolution and emphasized the company's commitment to enhancing shareholder value in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
40.85%
Tags
buyback
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News
Altisource Asset Management Corporation Reports Key Ruling in Blackrock and PIMCO Litigation
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) reports a key development in its litigation seeking damages from Blackrock and PIMCO pending in the Superior Court of the U.S. Virgin Islands. On December 4, 2023, the trial judge ruled that six of the seven named Defendants are subject to the court’s jurisdiction and that all of the Company’s statutory and tort claims against those defendants are permitted to proceed. A status conference before the Staff Master is set for January 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
54.6%
Tags
none
-
News
Altisource Asset Management Corporation Announces Departure of COO and Interim CEO Danya Sawyer
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) announces the resignation of Danya Sawyer, Chief Operating Officer of Alternative Lending Group, the Company’s principal operating subsidiary. Ms. Sawyer, whose departure was effective December 1, 2023, also served as AAMC’s interim Chief Executive Officer during the recent restructuring of the Company’s loan business. A successor CEO is expected to be announced within 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
none
News
Altisource Asset Management Corporation Reports Receipt of Communications from NYSE
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) received a notice from the NYSE about potential delisting of its common stock due to non-compliance with listing qualifications. The company has the right to appeal and intends to do so, with the outcome uncertain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
none
-
News
Altisource Asset Management Corporation Reports a Stock Dividend in Lieu of a Stock Split and Appointment of New CFO
Rhea-AI Summary
Altisource Asset Management Corporation cancels stock split and opts for a 70% stock dividend. Richard Rodick promoted to CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management dividends
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News
Altisource Asset Management Corporation Announces Departure of CEO
Rhea-AI Summary
Altisource Asset Management Corporation announces the resignation of CEO and progress on cost-cutting initiatives and liquidity enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
News
Altisource Asset Management Corporation Reports Second Quarter 2023 Results
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) announced its financial and operating results for the second quarter of 2023. AAMC obtained a favorable ruling in its litigation with its preferred shareholder, Luxor, and a court-appointed Staff Master recommended that all of the Company’s tort and CICO damage claims may proceed in USVI court. A 2 for 1 stock split was approved by the Board of Directors, to be treated as stock dividend, with a Record Date of August 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-68.7%
Tags
earnings
-
News
Altisource Asset Management Corporation to Host Second Quarter and 2023 Earnings Conference Call
Rhea-AI Summary
Altisource Asset Management Corporation (AAMC) will host a conference call and live webcast on August 14, 2023, to discuss the results of the second quarter ended June 30, 2023. Questions can be submitted in advance of the call. The replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.13%
Tags
conferences earnings
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News
Altisource Asset Management Corporation Announces a Two-for-One Stock Split
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
none
News
Altisource Asset Management Corporation Announces Favorable Ruling from New York Appellate Court
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.51%
Tags
none
Stock AAMC logo
Altisource Asset Management Corp

NYSE:AAMC

AAMC Rankings

N/A Ranked by Market Cap
#4894 Ranked by Stock Gains
N/A Ranked by Dividends

AAMC Stock Data

8.76M
746.25k
70.73%
4.06%
0.96%
Portfolio Management
Finance and Insurance
Link
United States
Christiansted

About AAMC

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.