AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 836,400 shares, a decrease of 11.6% from the August 15th total of 945,900 shares. Based on an average trading volume of 168,600 shares, the days-to-cover ratio is presently 5.0 days. Approximately 4.9% of the company’s stock are short sold.
AlTi Global Trading Up 1.8 %
NASDAQ ALTI opened at $4.44 on Wednesday. AlTi Global has a 1 year low of $3.54 and a 1 year high of $9.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $532.84 million, a PE ratio of -2.43 and a beta of 0.68. The company has a fifty day moving average of $4.31 and a 200 day moving average of $4.80.
AlTi Global (NASDAQ:ALTI – Get Free Report) last issued its earnings results on Friday, August 9th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $49.45 million during the quarter, compared to analysts’ expectations of $51.80 million. AlTi Global had a positive return on equity of 7.36% and a negative net margin of 50.54%. Research analysts forecast that AlTi Global will post -0.02 earnings per share for the current year.
Insider Activity
Institutional Investors Weigh In On AlTi Global
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 worth $9,021,000 after buying an additional 1,085,308 shares in the last quarter. AlTi Global Inc. raised its position in shares of AlTi Global by 1.5% in the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 shares during the period. 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 in the last quarter. Swiss National Bank grew its position in shares of AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 4,800 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in shares of AlTi Global during the 2nd quarter valued at about $214,000. Hedge funds and other institutional investors 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.
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