Tiedemann Advisors, Llc Acquires 257,824 Shares of AlTi Global, Inc. (NASDAQ:ALTI) Stock

AlTi Global, Inc. (NASDAQ:ALTI) major shareholder Tiedemann Advisors, Llc acquired 257,824 shares of the stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $10.08 per share, with a total value of $2,598,865.92. Following the transaction, the insider now directly owns 5,777,438 shares in the company, valued at approximately $58,236,575.04. This represents a 4.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Tiedemann Advisors, Llc also recently made the following trade(s):

• On Tuesday, October 1st, Tiedemann Advisors, Llc bought 306,127 shares of AlTi Global stock. The shares were acquired at an average cost of $10.13 per share, for a total transaction of $3,101,066.51.

AlTi Global Stock Down 2.8 %

NASDAQ ALTI traded down $0.13 during trading on Wednesday, hitting $4.51. The company’s stock had a trading volume of 48,704 shares, compared to its average volume of 150,506. AlTi Global, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $9.22. The company has a market cap of $630.62 million, a PE ratio of -2.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.05 and a quick ratio of 4.05. The business’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.39.

Institutional Trading of AlTi Global

A number of institutional investors have recently bought and sold shares of ALTI. Vanguard Group Inc. increased its stake in 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 purchasing an additional 1,085,308 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AlTi Global by 89.9% during the second quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after buying an additional 50,379 shares during the last quarter. Rhumbline Advisers increased its position in shares of AlTi Global by 109.2% in the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 19,547 shares during the period. Simon Quick Advisors LLC purchased a new position in AlTi Global in the 2nd quarter worth $214,000. Finally, AlTi Global Inc. lifted its position in AlTi Global by 1.5% during the 2nd quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company’s stock worth $4,023,000 after acquiring an additional 11,216 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.