AlTi Global (ALTI) to Release Quarterly Earnings on Friday

AlTi Global (NASDAQ:ALTI - Get Free Report) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

AlTi Global (NASDAQ:ALTI - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). AlTi Global had a negative net margin of 50.54% and a positive return on equity of 7.36%. The firm had revenue of $49.45 million during the quarter, compared to the consensus estimate of $51.80 million. On average, analysts expect AlTi Global to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AlTi Global Stock Up 3.2 %

Shares of ALTI stock traded up $0.13 on Friday, reaching $4.21. 80,244 shares of the company's stock traded hands, compared to its average volume of 152,220. The business's 50 day moving average price is $3.97 and its two-hundred day moving average price is $4.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.57. AlTi Global has a 12-month low of $3.47 and a 12-month high of $9.22. The company has a market capitalization of $588.68 million, a P/E ratio of -1.82 and a beta of 0.67.

Insider Activity

In other news, major shareholder Holdings Ilwaddi purchased 31,393 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $4.05 per share, with a total value of $127,141.65. Following the purchase, the insider now owns 18,094,972 shares in the company, valued at $73,284,636.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Holdings Ilwaddi acquired 31,393 shares of the company's stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $4.05 per share, with a total value of $127,141.65. Following the acquisition, the insider now directly owns 18,094,972 shares of the company's stock, valued at approximately $73,284,636.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Spiros Maliagros sold 5,769 shares of the stock in a transaction dated 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 owns 405,167 shares of the company's stock, valued at approximately $1,811,096.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 68,597 shares of company stock worth $269,227 and have sold 167,067 shares worth $673,109. Corporate insiders own 22.14% 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.