AlTi Global, Inc. (NASDAQ:ALTI) Short Interest Update

AlTi Global, Inc. (NASDAQ:ALTI) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,010,000 shares, a decrease of 6.5% from the July 15th total of 1,080,000 shares. Based on an average daily volume of 173,100 shares, the days-to-cover ratio is presently 5.8 days. Approximately 3.1% of the shares of the company are short sold.

Insider Activity

In related news, insider Spiros Maliagros sold 14,134 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $5.04, for a total value of $71,235.36. Following the completion of the transaction, the insider now directly owns 485,247 shares of the company’s stock, valued at approximately $2,445,644.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other AlTi Global news, CEO Michael Tiedemann acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average cost of $4.52 per share, with a total value of $90,400.00. Following the acquisition, the chief executive officer now directly owns 472,514 shares of the company’s stock, valued at approximately $2,135,763.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Spiros Maliagros sold 14,134 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $5.04, for a total value of $71,235.36. Following the completion of the transaction, the insider now directly owns 485,247 shares of the company’s stock, valued at $2,445,644.88. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 166,281 shares of company stock valued at $746,256 and sold 40,152 shares valued at $191,194. Corporate insiders own 22.14% of the company’s stock.

Hedge Funds Weigh In On AlTi Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 valued at $9,021,000 after acquiring an additional 1,085,308 shares during the last quarter. AlTi Global Inc. lifted its position in shares of AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock valued at $4,023,000 after acquiring an additional 11,216 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 valued at $555,000 after acquiring an additional 50,379 shares during the last quarter. Swiss National Bank lifted 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 last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in shares of AlTi Global during the 2nd quarter valued at $214,000. 3.57% of the stock is owned by institutional investors.

AlTi Global Stock Performance

Shares of ALTI stock opened at $4.02 on Wednesday. The business has a 50 day simple moving average of $4.63 and a 200 day simple moving average of $5.03. 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 has a market capitalization of $482.43 million, a price-to-earnings ratio of -2.20 and a beta of 0.71. AlTi Global has a 12-month low of $3.56 and a 12-month high of $9.22.

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.