AlTi Global (NASDAQ:ALTI) Trading Up 5.4%

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price rose 5.4% during trading on Thursday . The company traded as high as $5.29 and last traded at $5.25. Approximately 37,461 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 129,014 shares. The stock had previously closed at $4.98.

AlTi Global Trading Up 6.1 %

The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $4.80 and its 200 day moving average is $5.80.

AlTi Global (NASDAQ:ALTI) last issued its earnings results on Friday, May 10th. The basic materials company reported ($0.03) earnings per share (EPS) 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 business had revenue of $50.81 million for the quarter, compared to the consensus estimate of $61.50 million. As a group, sell-side analysts expect that AlTi Global, Inc. will post -0.02 EPS for the current year.

Insider Buying and Selling at AlTi Global

In other news, major shareholder Cayman Holdings Ilwaddi purchased 20,000 shares of AlTi Global stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average cost of $5.15 per share, for a total transaction of $103,000.00. Following the transaction, the insider now directly owns 17,913,265 shares of the company’s stock, valued at $92,253,314.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Cayman Holdings Ilwaddi acquired 20,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was purchased at an average cost of $5.15 per share, with a total value of $103,000.00. Following the completion of the purchase, the insider now owns 17,913,265 shares in the company, valued at approximately $92,253,314.75. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Tiedemann purchased 47,373 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average cost of $4.86 per share, with a total value of $230,232.78. Following the completion of the purchase, the chief executive officer now owns 499,887 shares of the company’s stock, valued at $2,429,450.82. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 268,790 shares of company stock valued at $1,290,301 and have sold 29,725 shares valued at $150,063. Insiders own 22.14% of the company’s stock.

Hedge Funds Weigh In On AlTi Global

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of 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 valued at $9,021,000 after purchasing an additional 1,085,308 shares in the last quarter. Caprock Group LLC increased its stake in shares of AlTi Global by 11.3% during the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of AlTi Global by 9.4% during the fourth quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after purchasing an additional 4,800 shares in the last quarter. 3.57% of the stock is owned by institutional investors.

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.