SG Americas Securities LLC Buys Shares of 16,796 AlTi Global, Inc. (NASDAQ:ALTI)

SG Americas Securities LLC bought a new position in AlTi Global, Inc. (NASDAQ:ALTI) in the 3rd quarter, HoldingsChannel reports. The fund bought 16,796 shares of the basic materials company’s stock, valued at approximately $63,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in 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 worth $9,021,000 after acquiring an additional 1,085,308 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AlTi Global by 89.9% in the 2nd 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 period. Simon Quick Advisors LLC purchased a new stake in shares of AlTi Global in the second quarter worth approximately $214,000. Rhumbline Advisers boosted its holdings in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 19,547 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of AlTi Global during the second quarter worth approximately $76,000. Hedge funds and other institutional investors own 3.57% of the company’s stock.

AlTi Global Stock Up 1.5 %

AlTi Global stock opened at $4.05 on Tuesday. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $9.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $566.31 million, a PE ratio of -1.78 and a beta of 0.67. The firm’s 50 day moving average price is $3.97 and its two-hundred day moving average price is $4.43.

AlTi Global (NASDAQ:ALTI) last posted its quarterly 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 company had revenue of $49.45 million for the quarter, compared to analysts’ expectations of $51.80 million. On average, research analysts predict that AlTi Global, Inc. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at AlTi Global

In other news, major shareholder Holdings Ilwaddi purchased 27,515 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $3.79 per share, with a total value of $104,281.85. Following the purchase, the insider now directly owns 18,012,099 shares of the company’s stock, valued at approximately $68,265,855.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Holdings Ilwaddi purchased 27,515 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $3.79 per share, with a total value of $104,281.85. Following the purchase, the insider now owns 18,012,099 shares in the company, valued at $68,265,855.21. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Spiros Maliagros sold 5,769 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 405,167 shares in the company, valued at approximately $1,811,096.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 68,597 shares of company stock worth $269,227 and have sold 167,067 shares worth $673,109. Corporate insiders own 22.14% 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.