AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $4.39, but opened at $4.22. AlTi Global shares last traded at $4.29, with a volume of 9,479 shares traded.
AlTi Global Stock Up 0.9 %
The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The stock's 50 day moving average price is $4.40 and its 200-day moving average price is $4.33. The company has a market cap of $619.43 million, a PE ratio of -2.53 and a beta of 0.72.
Insider Activity
In related news, major shareholder Tiedemann Advisors, Llc bought 306,127 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average price of $10.13 per share, with a total value of $3,101,066.51. Following the purchase, the insider now owns 6,485,038 shares of the company's stock, valued at approximately $65,693,434.94. This trade represents a 4.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.14% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company's stock worth $4,041,000 after buying an additional 318,860 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AlTi Global by 58.3% during 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 50,379 shares during the last quarter. Simon Quick Advisors LLC bought a new position in AlTi Global in the 2nd quarter worth about $214,000. Finally, Barclays PLC grew its position in AlTi Global by 264.8% during the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company's stock valued at $167,000 after purchasing an additional 32,269 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors.
About AlTi Global
(
Get Free Report)
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.
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