AlTi Global (NASDAQ:ALTI) Trading 10.2% Higher

AlTi Global, Inc. (NASDAQ:ALTI)’s share price traded up 10.2% during mid-day trading on Tuesday . The stock traded as high as $4.98 and last traded at $4.98. 120,976 shares were traded during trading, an increase of 4% from the average session volume of 116,441 shares. The stock had previously closed at $4.52.

AlTi Global Trading Up 9.7 %

The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $4.89 and its 200-day simple moving average is $6.27.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Friday, March 15th. The basic materials company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $91.71 million for the quarter, compared to analysts’ expectations of $66.80 million. AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. As a group, equities research analysts forecast that AlTi Global, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at AlTi Global

In related news, insider Timothy F. Keaney acquired 16,417 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of $4.60 per share, with a total value of $75,518.20. Following the transaction, the insider now directly owns 97,321 shares of the company’s stock, valued at approximately $447,676.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Timothy F. Keaney acquired 16,417 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of $4.60 per share, with a total value of $75,518.20. Following the transaction, the insider now directly owns 97,321 shares of the company’s stock, valued at approximately $447,676.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cayman Holdings Ilwaddi acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average cost of $5.15 per share, with a total value of $103,000.00. Following the completion of the transaction, the insider now directly owns 17,913,265 shares in the company, valued at $92,253,314.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 181,417 shares of company stock valued at $865,868. 22.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AlTi Global

A number of institutional investors have recently bought and sold shares of ALTI. Vanguard Group Inc. raised its position in AlTi Global by 213.4% during the 1st quarter. Vanguard Group Inc. now owns 1,593,772 shares of the basic materials company’s stock worth $9,021,000 after buying an additional 1,085,308 shares during the last quarter. Swiss National Bank raised its position in AlTi Global by 15.4% during the 3rd quarter. Swiss National Bank now owns 51,067 shares of the basic materials company’s stock worth $355,000 after buying an additional 6,800 shares during the last quarter. Finally, Caprock Group LLC raised its position in AlTi Global by 11.3% during the 1st 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 last quarter. 3.57% of the stock is owned by hedge funds and other 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.