Holdings Ilwaddi Purchases 3,835 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Holdings Ilwaddi acquired 3,835 shares of AlTi Global stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of $3.95 per share, with a total value of $15,148.25. Following the completion of the transaction, the insider now directly owns 18,098,807 shares in the company, valued at approximately $71,490,287.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, August 15th, Holdings Ilwaddi acquired 31,393 shares of AlTi Global stock. The stock was acquired at an average price of $4.05 per share, with a total value of $127,141.65.
• On Tuesday, August 13th, Holdings Ilwaddi purchased 27,515 shares of AlTi Global stock. The shares were bought at an average price of $3.79 per share, with a total value of $104,281.85.
• On Thursday, June 6th, Holdings Ilwaddi acquired 20,000 shares of AlTi Global stock. The stock was purchased at an average cost of $4.72 per share, with a total value of $94,400.00.
• On Tuesday, June 4th, Holdings Ilwaddi acquired 20,000 shares of AlTi Global stock. The stock was acquired at an average price of $4.99 per share, with a total value of $99,800.00.

AlTi Global Stock Performance

Shares of ALTI opened at $4.64 on Friday. The stock’s 50-day simple moving average is $4.59 and its 200 day simple moving average is $5.01. AlTi Global, Inc. has a 52-week low of $3.56 and a 52-week high of $9.22. The stock has a market capitalization of $556.84 million, a price-to-earnings ratio of -2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.33 and a current ratio of 2.33.

Hedge Funds Weigh In On AlTi Global

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in AlTi Global in the 2nd quarter worth about $76,000. Rhumbline Advisers grew its position in AlTi Global by 109.2% during the second 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. Simon Quick Advisors LLC purchased a new position in AlTi Global in the 2nd quarter worth $214,000. Caprock Group LLC increased its holdings in shares of AlTi Global by 11.3% in the first quarter. Caprock Group LLC now owns 38,928 shares of the basic materials company’s stock worth $220,000 after buying an additional 3,950 shares during the period. Finally, Swiss National Bank increased its stake in AlTi Global by 9.4% in the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock worth $489,000 after purchasing an additional 4,800 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

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.