Insider Selling: AlTi Global, Inc. (NASDAQ:ALTI) Insider Sells $22,672.48 in Stock

AlTi Global, Inc. (NASDAQ:ALTI) insider Spiros Maliagros sold 5,612 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $4.04, for a total transaction of $22,672.48. Following the transaction, the insider now owns 416,862 shares of the company’s stock, valued at approximately $1,684,122.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Spiros Maliagros also recently made the following trade(s):

• On Tuesday, August 27th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.25, for a total transaction of $24,518.25.
• On Tuesday, August 20th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The shares were sold at an average price of $4.04, for a total transaction of $23,306.76.
• On Friday, August 16th, Spiros Maliagros sold 2,464 shares of AlTi Global stock. The stock was sold at an average price of $4.07, for a total value of $10,028.48.
• On Tuesday, August 13th, Spiros Maliagros sold 468 shares of AlTi Global stock. The stock was sold at an average price of $4.00, for a total transaction of $1,872.00.
• On Friday, August 9th, Spiros Maliagros sold 200 shares of AlTi Global stock. The shares were sold at an average price of $4.00, for a total transaction of $800.00.
• On Tuesday, August 6th, Spiros Maliagros sold 2,000 shares of AlTi Global stock. The shares were sold at an average price of $4.03, for a total value of $8,060.00.
• On Thursday, July 25th, Spiros Maliagros sold 1,800 shares of AlTi Global stock. The stock was sold at an average price of $5.01, for a total value of $9,018.00.
• On Tuesday, July 23rd, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The stock was sold at an average price of $4.86, for a total transaction of $28,037.34.
• On Monday, July 15th, Spiros Maliagros sold 1,779 shares of AlTi Global stock. The stock was sold at an average price of $5.00, for a total transaction of $8,895.00.
• On Tuesday, July 9th, Spiros Maliagros sold 5,769 shares of AlTi Global stock. The shares were sold at an average price of $4.49, for a total value of $25,902.81.

AlTi Global Stock Performance

ALTI opened at $4.25 on Friday. The business’s 50-day simple moving average is $4.31 and its 200 day simple moving average is $4.84. AlTi Global, Inc. has a 52-week low of $3.54 and a 52-week 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 capitalization of $594.28 million, a PE ratio of -2.32 and a beta of 0.68.

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

Institutional Trading of AlTi Global

A number of large investors have recently added to or reduced their stakes in ALTI. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 1,085,308 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AlTi Global by 89.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 50,379 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of AlTi Global during the 2nd quarter worth approximately $214,000. Rhumbline Advisers raised its stake in AlTi Global by 109.2% in the 2nd 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 period. Finally, The Manufacturers Life Insurance Company acquired a new stake in AlTi Global during the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 3.57% of the company’s stock.

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.