AlTi Global (NASDAQ:ALTI) Reaches New 12-Month Low – Should You Sell?

AlTi Global, Inc. (NASDAQ:ALTI) shares reached a new 52-week low on Thursday . The company traded as low as $3.36 and last traded at $3.47, with a volume of 105134 shares traded. The stock had previously closed at $3.58.

AlTi Global Stock Down 3.1 %

The company’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently bought and sold shares of ALTI. The Manufacturers Life Insurance Company bought a new stake in shares of AlTi Global in the 2nd quarter valued at about $76,000. SG Americas Securities LLC acquired a new position in shares of AlTi Global in the third quarter worth approximately $63,000. CV Advisors LLC acquired a new position in shares of AlTi Global in the third quarter worth approximately $85,000. Charles Schwab Investment Management Inc. boosted its holdings in AlTi Global by 58.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock valued at $1,618,000 after acquiring an additional 159,357 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in 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 purchasing an additional 11,834 shares during the period. 3.57% of the stock is currently owned by institutional investors and hedge funds.

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.