AlTi Global (NASDAQ:ALTI) Sees Strong Trading Volume – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) shares saw strong trading volume on Thursday . 754,724 shares were traded during mid-day trading, an increase of 396% from the previous session’s volume of 152,063 shares.The stock last traded at $4.15 and had previously closed at $4.10.

AlTi Global Price Performance

The stock’s fifty day moving average is $3.96 and its 200-day moving average is $4.41. 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 stock has a market capitalization of $588.68 million, a P/E ratio of -1.85 and a beta of 0.67.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $51.80 million. AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. On average, equities analysts anticipate that AlTi Global, Inc. will post -0.02 earnings per share for the current year.

Insider Activity

In related news, insider Spiros Maliagros sold 5,769 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total transaction of $25,787.43. Following the completion of the sale, the insider now directly owns 405,167 shares of the company’s stock, valued at approximately $1,811,096.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AlTi Global news, COO Kevin P. Moran sold 137,500 shares of AlTi Global stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $4.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now directly owns 27,637 shares of the company’s stock, valued at $110,548. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Spiros Maliagros sold 5,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $4.47, for a total value of $25,787.43. Following the completion of the sale, the insider now directly owns 405,167 shares of the company’s stock, valued at $1,811,096.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 68,597 shares of company stock valued at $269,227 and have sold 167,067 shares valued at $673,109. Insiders own 22.14% of the company’s stock.

Hedge Funds Weigh In On AlTi Global

A number of institutional investors and hedge funds have recently bought and sold shares of ALTI. Vanguard Group Inc. increased its stake 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 valued at $9,021,000 after acquiring an additional 1,085,308 shares during the period. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 50,379 shares in the last quarter. Rhumbline Advisers increased its position in shares of AlTi Global by 109.2% during the second quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 19,547 shares during the period. Simon Quick Advisors LLC acquired a new position in shares of AlTi Global in the second quarter valued at $214,000. Finally, AlTi Global Inc. lifted its position in 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 purchasing an additional 11,216 shares during the period. 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.