AlTi Global (NASDAQ:ALTI) Shares Gap Down – Here’s What Happened

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $4.14, but opened at $4.00. AlTi Global shares last traded at $4.10, with a volume of 8,591 shares changing hands.

AlTi Global Trading Up 0.1 %

The firm has a market cap of $579.60 million, a P/E ratio of -2.37 and a beta of 0.73. The firm’s fifty day moving average is $4.31 and its two-hundred day moving average is $4.24. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

Institutional Trading of AlTi Global

Several large investors have recently added to or reduced their stakes in ALTI. SG Americas Securities LLC bought a new stake in AlTi Global in the third quarter valued at $63,000. The Manufacturers Life Insurance Company bought a new stake in AlTi Global in the second quarter valued at $76,000. MetLife Investment Management LLC boosted its holdings in shares of AlTi Global by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company’s stock valued at $79,000 after buying an additional 11,834 shares in the last quarter. CV Advisors LLC bought a new stake in shares of AlTi Global during the 3rd quarter valued at $85,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of AlTi Global by 16.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock valued at $101,000 after buying an additional 3,925 shares in the last quarter. Institutional investors own 3.57% 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.