AlTi Global (NASDAQ:ALTI) Sets New 12-Month Low at $4.03

AlTi Global, Inc. (NASDAQ:ALTI) shares reached a new 52-week low on Monday . The stock traded as low as $4.03 and last traded at $4.28, with a volume of 44871 shares traded. The stock had previously closed at $4.38.

AlTi Global Price Performance

The stock has a market cap of $456.63 million, a PE ratio of -2.01 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 2.33. The firm’s 50 day moving average price is $4.82 and its two-hundred day moving average price is $5.20.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $50.81 million for the quarter, compared to analysts’ expectations of $61.50 million. AlTi Global had a negative net margin of 29.75% and a positive return on equity of 7.45%. On average, research analysts expect that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Insider Activity at AlTi Global

In other news, CEO Michael Tiedemann acquired 60,000 shares of AlTi Global stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $4.66 per share, with a total value of $279,600.00. Following the completion of the purchase, the chief executive officer now owns 369,146 shares in the company, valued at $1,720,220.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AlTi Global news, insider Spiros Maliagros sold 5,769 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $4.49, for a total value of $25,902.81. Following the completion of the transaction, the insider now owns 473,709 shares of the company’s stock, valued at approximately $2,126,953.41. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Tiedemann purchased 60,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was bought at an average cost of $4.66 per share, with a total value of $279,600.00. Following the purchase, the chief executive officer now owns 369,146 shares in the company, valued at $1,720,220.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 223,790 shares of company stock valued at $1,051,551 and sold 35,611 shares valued at $173,211. 22.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTI. Vanguard Group Inc. grew its stake in AlTi Global by 213.4% in the 1st 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. Bank of New York Mellon Corp grew its stake in AlTi Global by 89.9% in 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 buying an additional 50,379 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in AlTi Global in the 2nd quarter worth approximately $214,000. Rhumbline Advisers grew 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 worth $195,000 after buying an additional 19,547 shares in the last quarter. Finally, Swiss National Bank grew its stake 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 buying an additional 4,800 shares in the last quarter. Hedge funds and other 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.