AlTi Global (NASDAQ:ALTI) Shares Up 10.1%

AlTi Global, Inc. (NASDAQ:ALTI) shares rose 10.1% during trading on Friday . The company traded as high as $4.62 and last traded at $4.58. Approximately 55,740 shares traded hands during trading, a decline of 61% from the average daily volume of 141,635 shares. The stock had previously closed at $4.16.

AlTi Global Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $556.84 million, a PE ratio of -2.54 and a beta of 0.71. The company has a 50-day moving average price of $4.59 and a two-hundred day moving average price of $5.01.

Insider Buying and Selling at AlTi Global

In other news, insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $4.74, for a total value of $27,345.06. Following the completion of the transaction, the insider now directly owns 479,478 shares in the company, valued at $2,272,725.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $4.74, for a total transaction of $27,345.06. Following the sale, the insider now directly owns 479,478 shares of the company’s stock, valued at $2,272,725.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Tiedemann purchased 47,373 shares of AlTi Global stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $4.86 per share, with a total value of $230,232.78. Following the acquisition, the chief executive officer now directly owns 499,887 shares of the company’s stock, valued at approximately $2,429,450.82. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 150,116 shares of company stock valued at $671,005 and sold 183,421 shares valued at $764,501. 22.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of AlTi Global by 213.4% in the 1st 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. Swiss National Bank lifted 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 worth $489,000 after buying an additional 4,800 shares during the last quarter. Caprock Group LLC grew its position in shares of AlTi Global by 11.3% in the 1st quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 3,950 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global in the 2nd quarter worth approximately $76,000. Finally, Rhumbline Advisers increased its holdings in shares of AlTi Global by 109.2% in the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 19,547 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors.

AlTi Global Company Profile

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.