Rhumbline Advisers Has $195,000 Stock Position in AlTi Global, Inc. (NASDAQ:ALTI)

Rhumbline Advisers increased its holdings in AlTi Global, Inc. (NASDAQ:ALTI) by 109.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,443 shares of the basic materials company’s stock after purchasing an additional 19,547 shares during the period. Rhumbline Advisers’ holdings in AlTi Global were worth $195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Caprock Group LLC increased its holdings 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 worth $220,000 after buying an additional 3,950 shares in the last quarter. Swiss National Bank raised 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 worth $489,000 after buying an additional 4,800 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in AlTi Global by 89.9% in the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after purchasing an additional 50,379 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 valued at $9,021,000 after purchasing an additional 1,085,308 shares during the period. Institutional investors own 3.57% of the company’s stock.

Insiders Place Their Bets

In related news, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the sale, the insider now directly owns 405,167 shares in the company, valued at approximately $1,811,096.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of AlTi Global stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the transaction, the insider now directly owns 405,167 shares of the company’s stock, valued at $1,811,096.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings Ilwaddi purchased 27,515 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $3.79 per share, for a total transaction of $104,281.85. Following the purchase, the insider now owns 18,012,099 shares in the company, valued at approximately $68,265,855.21. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 68,597 shares of company stock valued at $269,227 and have sold 186,437 shares valued at $766,244. Insiders own 22.14% of the company’s stock.

AlTi Global Stock Performance

ALTI stock opened at $3.80 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. The firm has a market cap of $456.03 million, a PE ratio of -2.08 and a beta of 0.68. The business’s 50-day moving average price is $4.18 and its two-hundred day moving average price is $4.67. AlTi Global, Inc. has a 1-year low of $3.54 and a 1-year high of $9.22.

AlTi Global (NASDAQ:ALTI) last released its earnings results on Friday, August 9th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. The firm had revenue of $49.45 million during the quarter, compared to the consensus estimate of $51.80 million. As a group, research analysts forecast that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

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.