Altisource Asset Mgmt Stock Price, News & Analysis

Altisource Asset Management Corporation (AAMC) was an asset management firm headquartered in the United States Virgin Islands that provided portfolio management and corporate governance services to institutional investors. The company announced its intention to voluntarily delist from the NYSE American exchange and deregister its common stock, meaning AAMC shares no longer trade on major U.S. exchanges and the company has ceased public reporting obligations.

Historical Business Model

AAMC operated in the portfolio management sector within the broader finance and insurance industry. The company's primary revenue came from providing asset management services to Front Yard Residential Corporation (RESI), a public real estate investment trust that focused on acquiring and managing single-family rental homes throughout the United States. This concentrated client relationship meant AAMC's financial performance was closely tied to RESI's operational success and strategic direction.

Corporate Structure

Beyond its principal offices in the U.S. Virgin Islands, AAMC maintained operations through several subsidiaries. AAMC US handled continental United States operations, AAMC Cayman SEZC Ltd. operated in the Cayman Islands, Altisource Consulting S.a r.l. was based in Luxembourg, and River Business Solutions Pvt. Ltd. provided services from India. This multinational structure supported the company's institutional asset management activities.

Delisting and Deregistration

AAMC received communications from NYSE American regarding listing compliance requirements prior to announcing its voluntary delisting. The company's decision to delist and deregister means investors can no longer purchase AAMC shares through major stock exchanges. Historical shareholders should consult their brokerage for information on any over-the-counter trading availability or share status.

Investment Considerations for Historical Context

AAMC's history included significant legal proceedings involving major financial institutions, which investors researching similar asset management structures may find relevant. The company's concentrated business model—relying heavily on a single client—illustrates the risks inherent in narrow client concentration for asset management firms.

Frequently Asked Questions

What happened to Altisource Asset Management Corporation (AAMC)?
AAMC announced its intention to voluntarily delist from the NYSE American exchange and deregister its common stock. This means the company ceased its public reporting obligations and shares no longer trade on major U.S. exchanges.

Does AAMC stock still trade?
AAMC voluntarily delisted from the NYSE American exchange. Investors holding historical shares should consult their brokerage regarding any over-the-counter trading availability or current share status.

What did Altisource Asset Management do before delisting?
AAMC provided asset management and corporate governance services to institutional investors. Its primary client was Front Yard Residential Corporation (RESI), a real estate investment trust focused on single-family rental homes.

Where was Altisource Asset Management headquartered?
AAMC's principal offices were located in the United States Virgin Islands, with additional operations in the continental U.S., Cayman Islands, Luxembourg, and India through various subsidiaries.

Why did AAMC receive NYSE American compliance notices?
AAMC received communications from NYSE American regarding listing compliance requirements prior to its voluntary delisting announcement. These notices typically relate to share price, market capitalization, or other exchange listing standards.

What was AAMC's relationship with Front Yard Residential?
Front Yard Residential Corporation (RESI) was AAMC's primary client. AAMC provided asset management services to help RESI acquire and manage single-family rental properties across the United States.