AlTi Global (NASDAQ:ALTI) Shares Up 10.1%

Shares of AlTi Global, Inc. (NASDAQ:ALTI) 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 stock has a market capitalization of $556.84 million, a P/E ratio of -2.48 and a beta of 0.71. The business’s 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $5.02. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief operating officer now owns 27,637 shares in the company, valued at approximately $110,548. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $4.00, for a total transaction of $550,000.00. Following the transaction, the chief operating officer now directly owns 27,637 shares of the company’s stock, valued at approximately $110,548. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Tiedemann bought 47,373 shares of the stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of $4.86 per share, with a total value of $230,232.78. Following the acquisition, the chief executive officer now owns 499,887 shares of the company’s stock, valued at $2,429,450.82. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 150,116 shares of company stock worth $671,005 and have sold 183,421 shares worth $764,501. 22.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTI. The Manufacturers Life Insurance Company bought a new stake in shares of AlTi Global in the 2nd quarter worth approximately $76,000. Rhumbline Advisers raised its stake in shares of AlTi Global by 109.2% in the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after buying an additional 19,547 shares during the period. Simon Quick Advisors LLC purchased a new position in shares of AlTi Global during the 2nd quarter valued at $214,000. Caprock Group LLC grew its stake in shares of 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 acquiring an additional 3,950 shares during the period. Finally, Swiss National Bank increased its holdings 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 acquiring an additional 4,800 shares during the last quarter. 3.57% of the stock is owned by hedge funds and other 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.