Holdings Ilwaddi Acquires 20,000 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Holdings Ilwaddi bought 20,000 shares of the stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $4.72 per share, for a total transaction of $94,400.00. Following the completion of the transaction, the insider now directly owns 17,984,584 shares of the company’s stock, valued at approximately $84,887,236.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Holdings Ilwaddi also recently made the following trade(s):

• On Tuesday, June 4th, Holdings Ilwaddi purchased 20,000 shares of AlTi Global stock. The shares were purchased at an average cost of $4.99 per share, for a total transaction of $99,800.00.

AlTi Global Stock Performance

NASDAQ ALTI opened at $5.03 on Wednesday. The business has a 50 day moving average price of $4.73 and a 200 day moving average price of $6.04. The company has a market capitalization of $603.65 million, a P/E ratio of -2.75 and a beta of 0.69. AlTi Global, Inc. has a 1-year low of $4.22 and a 1-year high of $9.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 2.33.

AlTi Global (NASDAQ:ALTI) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. The firm had revenue of $50.81 million during the quarter, compared to analysts’ expectations of $61.50 million. Sell-side analysts expect that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALTI. Caprock Group LLC increased its stake in shares of AlTi Global by 11.3% during the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 3,950 shares in the last quarter. Swiss National Bank grew its holdings in AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after buying an additional 4,800 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in AlTi Global by 213.4% during the first quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after buying an additional 1,085,308 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.